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  3. 2. jasper company has 60% of its sales on credit a

2. Jasper Company has 60% of its sales on credit and 40% for cash. All...

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Accounting

2. Jasper Company has 60% of its sales on credit and 40% for cash. All credit sales are collected in full in the first month following the sale. The company budgets sales of $524,000 for April, $534,000 for May, and $559,000 for June. Total sales for March are $308,300. Prepare a schedule of cash receipts from sales for April, May, and June.

image \begin{tabular}{|c|c|c|c|} \hline \multicolumn{4}{|c|}{ JASPER COMPANY } \\ \hline \multicolumn{4}{|c|}{ Schedule of Cash Receipts from Sales } \\ \hline & April & May & June \\ \hline Sales & 524,000 & 534,000 & 559,000 \\ \hline \multicolumn{4}{|l|}{ Cash receipts from: } \\ \hline & & & \\ \hline Total cash receipts & & & \\ \hline \end{tabular}

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