mework Help Save & Ext Submit Exercise 20-18 Budgeted cash receipts LO P2 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 $526,000 for April, $536,000 for May, and 5561.000 Tor June. The beginning balance of Accounts Receivable is $293,300 on April 1. Prepare a schedule of budgeted cash receipts for April, May, and June. April May June 36% Cash sales Sales on account Total sales 64% 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 60