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How do make a schedule of budgeted cash receipts for april

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Jasper Company has sales on account and for cash. Specifically, 65% of its sales are on account and 35% are for cash. Credit sales are collected in full in the month following the sale. The company forecasts sales of $522,000 for April, $532,000 for May, and $557,000 for June. The beginning balance of Accounts Receivable is $297,700 on April 1.

Problem 1: How do you make a schedule of budgeted cash receipts for April, May, and June?

Reference no: EM132795049

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