Ch.20 Budget Exercise Questions i Saved Help Save & Exit Submit Check my work 5 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 $522,000 for April, $532,000 for May, and $557.000 for June. The beginning balance of Accounts Receivable is $306,200 on April 1. Prepare a schedule of budgeted cash receipts for April, May, and June. 0.33 points April May June eBook Cash sales Sales on account Total sales 36% 64% $ 0 LOO Hint Print May June JASPER COMPANY Schedule of Cash Receipts For April, May, and June April Cash receipts from: Cash sales Collection of accounts receivable Total budgeted cash receipts References