jasper Company has sales on account and for cash. Specifically, 62% of its sales are on account and 38% 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 $299,900 on April 1. Prepare a schedule of budgeted cash receipts for April, May, and June.

Ch.20 Budget Exercise Questions i Saved Help Save & Exit Submit Check my work UT Jasper Company has sales on account and for cash. Specifically, 62% of its sales are on account and 38% 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 $299,900 on April 1. 0.33 points Prepare a schedule of budgeted cash receipts for April, May, and June. Skipped April May June Cash sales 38% 62% Sales on account Total sales eBook $ 0 $ 0 $ 0 Hint Print 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 References