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Exercise 20-18 (Algo) Schedule of cash receipts LO P2 Jasper Company has 56% of its sales on credit and 44% 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 $295,100. Prepare a schedule of cash receipts from sales for April, May, and June