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Jasper Company has sales on account and for cash. Specifically, 65% of its sales are on account and 35% are for cash. Credit Sales are

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Jasper Company has sales on account and for cash. Specifically, 65% of its sales are on account and 35% 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 Juno. The beginning balance of Accounts Receivable is $309,400 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 35% 65 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 receipt

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