Exercise $20-18($Algo$)$ Schedule of cash receipts LO P$2$

Jasper Company has $60\%$ of its sales on credit and $40\%$ for cash. All credit sales are collected in full in the first month following the sale. The company budgets sales of $$527,000$ for April, $$537,000$ for May, and $$562,000$ for June. Total sales for March are $$298,800.$

Prepare a schedule of cash receipts from sales for April, May, and June.

$\backslash$table$[[$JASPER COMPANY$],[$Schedule of Cash Receipts from Sales$],[,$April,May,June$],[$Sales$,527,000,537,000,562,000],[$Cash receipts from:,,,$],[$Cash sales,,,$],[$Accounts receivable,,,$],[$Total cash receipts,,,$]]$