Jasper Company has 61% of its sales on credit and 39% for cash. All credit sales...

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Jasper Company has 61% of its sales on credit and 39% for cash. All credit sales are collected in full in the first month following the sale. The company budgets sales of $516,000 for April, $526,000 for May, and $551,000 for June. Total sales for March are $295,900. Prepare a schedule of cash receipts from sales for April, May, and June. JASPER COMPANY Schedule of Cash Receipts from Sales Sales Cash receipts from: Cash sales 69 Collections of prior period sales Total cash receipts $ EA April 516,000 May June 526.000 551,000 201,240 5 205,140 $ 314,760 516,000 320,860 214,890 336,110 69 $ 526,000 $ 551,000 Jasper Company has 61% of its sales on credit and 39% for cash. All credit sales are collected in full in the first month following the sale. The company budgets sales of $516,000 for April, $526,000 for May, and $551,000 for June. Total sales for March are $295,900. Prepare a schedule of cash receipts from sales for April, May, and June. JASPER COMPANY Schedule of Cash Receipts from Sales Sales Cash receipts from: Cash sales 69 Collections of prior period sales Total cash receipts $ EA April 516,000 May June 526.000 551,000 201,240 5 205,140 $ 314,760 516,000 320,860 214,890 336,110 69 $ 526,000 $ 551,000