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please help Jasper Company has 65% of its sales on credit and 35% for cash. All credit sales are collected in full in the first
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Jasper Company has 65% of its sales on credit and 35% for cash. All credit sales are collected in full in the first month following the sale. The company budgets sales of $532,000 for April, $542,000 for May, and $567,000 for June. Total sales for March are $305,100. Prepare a schedule of cash receipts from sales for April, May, and June. \begin{tabular}{|l|r|c|c|} \hline \multicolumn{5}{|c|}{ JASPER COMPANY } \\ \hline \multicolumn{4}{|c|}{ Schedule of Cash Recelpts from Sales } \\ \hline & April & May & June \\ \hline Sales & 532,000 & 542,000 & 567,000 \\ \hline Cash recoipts from: & & & \\ \hline & & & \\ \hline & & & \\ \hline Total cash receipts & & & \\ \hline \end{tabular} Step by Step Solution
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