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Exercise 20-18(Algo) Schedule of cash receipts LO P2 Jasper Company has 64% of...

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Accounting

Exercise 20-18(Algo) Schedule of cash receipts LO P2
Jasper Company has 64% of its sales on credit and 36% for cash. All credit sales are collected in full in the first month following the sale. The company budgets sales of $527,000 for April, $537,000 for May, and $562,000 for June. Total sales for March are $293,200.
Prepare a schedule of cash receipts from sales for April, May, and June.
\table[[JASPER COMPANY],[Schedule of Cash Receipts from Sales],[Sales,April,May,June,],[Cash receipts from:,527,000,537,000,562,000,],[,,,,],[,,,,],[,,,,],[Total cash receipts,,,,]]
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