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Jasper Company has sales on account and for cash. Specifically, 62% of its sales are...

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Accounting

Jasper Company has sales on account and for cash. Specifically, 62% of its sales 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 $515,000 for April, $525,000 for May, and $550,000 for June. The beginning balance of Accounts Receivable is $290700 on April 1 Prepare a schedule of budgeted cash receipts for April , May and June

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