Jasper Company has 64% of its sales on credit and 36% for cash. All credit sales are collected in full in the first mont

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Jasper Company Has 64 Of Its Sales On Credit And 36 For Cash All Credit Sales Are Collected In Full In The First Mont 1 (20.35 KiB) Viewed 13 times

Jasper Company has 64% of its sales on credit and 36% for cash. All credit sales are collected in full in the first month following the sale. The company budgets sales of $531,000 for April, $541,000 for May, and $566,000 for June. Total sales for March are $308,500. Prepare a schedule of cash receipts from sales for April, May, and June. Sales Cash receipts from: Total cash receipts JASPER COMPANY Schedule of Cash Receipts from Sales April May 531,000 541,000 June 566,000