Jasper Company has sales on account and for cash. Specifically, 64% of its sales are on account and 36% are for cash. Credit sales are collected in full in the month following the sale. The company forecasts sales of $518,000 for April, $528,000 for May, and $553,000 for June. The beginning balance of Accounts Receivable is $293,500 on April 1. Prepare a schedule of budgeted cash receipts for April, May, and June

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		April	May	June
Cash sales	36%	$186,480	$190,080	$199,080
Sales on account	64%	331,520	337,920	353,920
Total sales		$518,000	$528,000	$553,000
JASPER COMPANY
Schedule of Cash Receipts
For April, May, and June
		April	May	June
Cash receipts from:
Cash sales		$186,480	$190,080	$199,080
Collection of accounts receivable		293,500
Total budgeted cash receipts		$479,980