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 $525,000 for April $535,000 for May, and $560,000 for June. The beginning balance of Accounts Receivable is $290,300 on April 1. Prepare a schedule of budgeted cash receipts for April, May, and June. May 188,650 $ June 197.400 Cash sales Sales on account Total sales April 181,150 $ 185,150 366,300 $ 35% S 65% $ 188,650 $ 197,400 May June JASPER COMPANY Schedule of Cash Receipts For April, May, and June April Cash receipts from: Cash sales $ 181,150 $ Collection of accounts receivable Total budgeted cash receipts 188,650 $ 197,400