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Jasper Company has sales on account and for cash. Specifically, 64% of its sales are on account and 36% are for cash. Credit sales are

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Jasper Company has sales on account and for cash. Specifically, 64% of its sales are on account and 36% are for cash. Credit sales are collected in full in the month following the sale. The company forecasts sales of $527,000 for April, $537,000 for May, and $562,000 for June. The beginning balance of Accounts Receivable is $294,400 on April 1. Prepare a schedule of budgeted cash receipts for April, May, and June. April May Juno Cash sales Sales on account Total sales 36% 64% $ 0$ 0 $ 0 JASPER COMPANY May June 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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