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Business, 14.04.2020 23:20 mfreeman1096

Jasper Company has sales on account and for cash. Specifically, 55% of its sales are on account and 45% are for cash. Credit sales are collected in full in the month following the sale. The company forecasts sales of $520,000 for April, $530,000 for May, and $555,000 for June. The beginning balance of Accounts Receivable is $302,500 on April 1.
Prepare a schedule of budgeted cash receipts for April, May, and June.

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