Jasper company has sales on account and for cash. specifically, 58% of its sales are on account and 42% are for cash. Credit sales are collective in full in the month following the sale. The company forecast sales of $519,000 for April, $529,000 for May and $544,000 for June. The beginning balance of account receivable is $291,900 on April 1.

prepare a schedule of budgeted cash receipts for April, May, and June

April May June 42% Cash sales Sales on account 58% Total sales May June JASPER COMPANY Schedule of Cash Receipts For April, May, and June April Cash receipts from: Cash sales Collection of accounts receivable Total budgeted cash receipts