Jasper Company has 65% of its sales on credit and 35% for cash. All credit sales are collected in full in the first month following the sale. The company budgets sales of $534,000 for April, $544,000 for May, and $569,000 for June Total sales for March are $299,800 Prepare a schedule of budgeted cash receipts for April May, and June Cash sales Sales on account Total sales 35% 5 65% April 186 900 s 347,100 534,000 $ May 190 400 5 353,600 544,000 $ June 199,150 369.850 569.000 $ May June JASPER COMPANY Schedule of Cash Receipts April Cash receipts from Cash sales $ 186,900 $ Collection of accounts receivable Total cash receipts $ 190.400 $ 347,100 537 500 $ 199 150 353 600 552.750