Jasper Company has sales on account and for cash. Specifically, 70% of its sales are on account and 30% 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 of $525,000 for Apri, $535,000 for May, and $560,000 for June. The beginning balance of Accounts Receivable is $400,000 on April 1 Prepare a schedule of budgeted cash receipts for April, May, and June Answer is complete but not entirely correct. April May Jur 30% |$ 157,500 $ 160,5000$ 70% Cash sales 374,500 535,000 5 Sales on account 367,500 Total sales $ 525,000 $ JASPER COMPANY Cash Receipts Budget For April, May, and June