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