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Jasper Company has sales on account and for cash. Specifically, 58% of its sales are on account and 42% are for cash. Credit sales are collected in full in the month following the sale. The company forecasts sales of $522,000 for April, $532,000 for May, and $557,000 for June. The beginning balance of Accounts Receivable is $301,600 on April 1 Prepare a schedule of budgeted cash receipts for April, May, and June April May June Cash sales 42% Sales on account 58% Total sales JASPER COMPANY Schedule of Cash Receipts For April, May, and June April May June Cash receipts from: Cash sales Collection of accounts receivable Total budgeted cash receipts

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A Schedule of budgeted cash receipts of April, May and June April Ma June Cash sales 42% 219,240 302,760 522,000 223,440 308,560 532,000 233,940 323,060 557,000 Sales on account 58% Total Sales ASPER COMPANY Schedule of Cash Receipts For April, May, and June April Ma June Cash receipts from Cash Sales 219,240 301,600 520840 223,440 302,760 526,200 233,940 308560 542,500 Collection of accounts Receivable Total Budget Cash Receipts Note: If this answer was helpful kindly given ratin

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