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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

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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 $524,000 for April, $534,000 for May, and $559,000 for June. The beginning balance of Accounts Receivable is $295,300 on April 1. Prepare a schedule of budgeted cash receipts for April, May, and June. 9:18 April May June Cash sales Sales on account 36% 64% Total sales ces JASPER COMPANY Schedule of Cash Rocelpt For April, May, and Juno April May June Cash receipts from: Cash sales Collection of accounts receivable Total budgeted cash receipta

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