Help Save& Exit Submit Check my work Exercise 20-18 Budgeted cash receipts LO P2 Jasper Company has sales on account and for cash. Specifically, 62% of its sales are on account and 38% are for cash. Credit sales are collected in full in the month following the sale. The company forecasts sales of $521,000 for April, $531,000 for May, and $556,000 for June. The beginning balance of Accounts Receivable is $295,600 on April 1. Prepare a schedule of budgeted cash receipts for April, May, and June. April May June 38% 62% Total sales JASPER COMPANY Schedule of Cash Receipts For April, May, and June April May June Total budgeted cash receipts 8:36