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Jasper Company has sales on account and for cash. Specifically, 57% of its sales are on account and 43% are for cash. Credit sales are

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Jasper Company has sales on account and for cash. Specifically, 57% of its sales are on account and 43% are for cash. Credit sales are collected in full in the month following the sale. The company forecasts sales of $533,000 for April, $543,000 for May, and $568,000 for June. The beginning balance of Accounts Receivable is $301700 on April 1. Prepare a schedule of budgeted cash receipts for April, May, and June April May June Cash sales Sales on account Total sales 43% 57% $ 0$ os 0 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

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