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No idea what is happening Jasper Company has sales on account and for cash. Specifically, 64% of its sales are on account and 36% are

image text in transcribedNo idea what is happening

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 $525,000 for April, $535,000 for May, and $560,000 for June. The beginning balance of Accounts Receivable is $302,600 on April 1. Prepare a schedule of budgeted cash receipts for April, May, and June. April May June Cash sales 36% Sales on account 64% Total sales $ 0 $ 0 $ 0 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 receipts

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