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Need done soon Jasper Company has sales on account and for cash. Specifically, 62% of its sales are on account and 38% are for cash.
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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 $528,000 for April, $538,000 for May, and $563,000 for June. The beginning balance of Accounts Receivable is $303,700 on April 1 Prepare a schedule of budgeted cash receipts for April, May, and June. April May June Cash sales 38% Sales on account 62% Total sales JASPER COMPANY Schedule of Cash Receipts For April, May, and June April May June Cash receipts from: Cash sales Calloction of announte rocaivahlo. April May June Cash sales 38% Sales on account 62% Total sales JASPER COMPANY Schedule of Cash Receipts For April, May, and June April May June Cash receipts from: Cash sales Collection of accounts receivable Total budgeted cash receiptsStep by Step Solution
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