4. need help understanding with a walk through please

Requirements 1. Prepare a schedule of cash receipts for Armand for January, February, and March. What is the balance in Accounts Receivable on March 31? 2. Prepare a revised schedule of cash receipts if receipts from sales on accoun are 60% in the month of the sale, 10% in the month following the sale, and 30% in the second month following the sale. What is the balance in Accounts Receivable on March 31? Armand Company projects the following sales for the first three months of the year $16,700 in January, $12,300 in Febriaary, and $13,400 in March. The company expects 60% of the sales to be cash and the remainder on account Sales on account are collected 50% in the month of the sale and 50% in the following month. The Accounts Recevable account : has a zero balance on Jancary 1. Round to the nearest dollar: Read the rquihements