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Firefox File Tools Window Help # 23% [ Wed 3:30 PM Atika Ishtiaq Q E Edit View History Bookmarks newconnect.mheducation.com X + + ? C A https://newconnect.mheducation.com/flow/connect.html ... Search O = Ch 07 Ex 7-18 Saved Help Save & Exit Submit Check my work Exercise 7-18 Budgeted cash receipts LO P2 points 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 $532,000 for April, $542,000 for May, and $567,000 for June. The beginning balance of Accounts Receivable is $294,800 on April 1. eBook Prepare a schedule of budgeted cash receipts for April, May, and June. Hint April May June Ask 35% Print Cash sales Sales on account Total sales 65% References May June JASPER COMPANY Schedule of Cash Receipts For April, May, and June April Cash receipts from: Cash sales Collection of accounts receivable Total budgeted cash receipts 49 20 110 A $9 wj POL @ $ © ?

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Answer:-

Particulars April May June Total sales $ 532000 542000 567000 Cash sales $ 35% 532000*35%=186200 542000*35%=189700 567000*35%=198450 Credit sales $ 65% 532000*65%=345800 542000*65%=352300 567000*65%=368550

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