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

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Accounting

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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 $530,000 for April, $540,000 for May, and $565,000 for June. Total sales for March are $302,500. Prepare a schedule of cash receipts from sales for April, May, and June. JASPER COMPANY

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