Jasper Company has sales on account and for cash. Specifically. 62%...
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Accounting
Jasper Company has sales on account and for cash. Specifically. 62% of its soles are on account and 38% are for cash. Credit sales are collected in full in the month following the sale. The company forecasts sales of $530,000 for April $540,000 for May, and $565.000 for June. The beginning balance of Accounts Receivable is $298,100 on April 1 Prepare a schedule of budgeted cash receipts for April May, and June Apr May June Cash sales Sales on account Total 38% 62% $ os 05 0 May June JASPER COMPANY Schedule of Cash Receipts For April May and June April Caish receiptstrom Cash sales Collection of Accounts receivable Total budgeted cash recept
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