Asper Company has sales on account and cash. Speccially, 70 % of its sales are on account and 30% are for cash. credit sales are collected in full in the month following the sale. the company forescast sales of $525.000 for april, $535.000 for may, and $560.000 for june. the beginning balance of accounts receivable is $400.000 on april 1.
Prepare a shedule of budgeted cash receipts doe april, may and june.