Answer:
April May June
Cash Sales 30% $157,500 $160,500 $168,000
Sales on account 70% <u>$367,500</u> <u>$374,500</u> <u>$392,000</u>
<u>$525,000</u> <u>$535,000</u> <u>$560,000</u>
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JASPER COMPANY
Cash Receipts Budget
For April, May and June
April May June
<em>Cash Receipts from:</em>
Cash Sales $157,500 $160,500 $168,000
Collection of accounts Receivable <u><em>$400,000 $367,500 $374,500</em></u>
Total Cash Receipts <u>$557,500</u> <u>$528,000</u> <u>$542,500</u>