1. Prepare a schedule of cash recoipts for Avery for January, February, and March. What is the balance in Accounts Recelvable on March 31 ? 2. Prepere a revised schedule of cash receipts if receipts from sales on acoount are 705 in in the month of the sale, 10 in the month tollowng the sale, and 20xt in the second month following the sale. What is the balance in Accounts Receivable on March 31? Avery Cormpary projects the following sales for the first threa months of the year: $10,800 in January; $12,300 in February; and $16,300 ir March. The company expects 60% of the sales to be cash and the remainder on accourt. Sales cri axcount are colleclod 50% in the month of the sale and 50% in the following month. The Accounts Receivable acoount has a zero balance on January 1. Round to the nearest dollar. Read the requirements. Requirement 1. Prepare a schedule of cash receipts for Avery for danuary, Februang, and Morch. What io the halance in Amonts Cash Receipts from Customers Cash Receiots from Customers