ork Budgeting. Proforma Financial Stateme... Surved Help Save Jasper Company has 57% of its sales on credit and 43% for cash. All credit sales are collected in full in the first month following the sale. The company budgets sales of $516,000 for April, $526,000 for May, and $551,000 for June. Total sales for March are $303,500 Prepare a schedule of budgeted cash receipts for April, May, and June. May Cash sales Sales on account 43% 5 57% $ April 221,880 $ 294,120 516,000 5 226,180 s 299,820 526.000 5 June 236 930 314,070 551,000 Total sales aces May June JASPER COMPANY Schedule of Cash Receipts April Cash receipts from Cash sales 5 221.880 Collection of accounts receivable Total cash receipts $ 516,000 $ 226,1805 294 120 520,300 $ 236.930 299 820 536,750 PH 00 53F re to search