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Jasper Company has 65% of its sales on credit and 35% for cash. All credit sales are collected in full in the first month

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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 $523,000 for April, $533,000 for May, and $558,000 for June. Total sales for March are $293,100. Prepare a schedule of cash receipts from sales for April, May, and June. Sales Cash receipts from: Cash sales Accounts receivable Total cash receipts JASPER COMPANY Schedule of Cash Receipts from Sales April 523,000 May June 533,000 558,000

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