Jasper Company has 58% of its sales on credit and 42% for cash. All credit sales are collected in full in
the first month following the sale. The company budgets sales of $519,000 for April, $529,000 for
May, and $554,000 for June. Total sales for March are $308,500.
Prepare a schedule of cash receipts from sales for April, May, and June.
Schedule of Cash Receipts from Sales
Cash receipts from:
Total cash receipts