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Question 6 help please Jasper Company has sales on account and for cash. Specifically, 64% of its sales are on account and 36% are for

Question 6 help please

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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 $531,000 for April, $541,000 for May, and $566,000 for June. The beginning balance of Accounts Receivable is $294,300 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 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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