ACCT-112-N090 2021WI Hildana Endeshawl 01/18/21 6:20 PM Save Homework: Managerial Chapter 5 Homework Score: 0 of 30 pts : 0 4 of 4 (3 complete) HW Score: 70%, 70 of 100 pts EM5-26 (similar to) Assigned Media Question Help O Graham Company projects the following sales for the first three months of the year: $10,800 in January: $14,600 in February, and $14,100 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 Receivable account has a zero balance on January 1. Round to the nearest dollar Read the requirements Requirement 1. Prepare a schedule of cash receipts for Graham for January, February, and March. What is the balance in Accounts Receivable on March 317 (if an input field is not used, leave the input field empty. Do not enter a zero.) Cash Receipts from Customers January February March Total Total sales 10.800 14,600 39.500 14,100 March January February Total 6.480 Cash Receipts from Customers: Accounts Receivable balance, January 1 January-Cash sales January-Credit sales, collection of January sales in January January-Credit sales, collection of January sales in February February-Cash sales February-Credit sales, collection of February sales in February February-Credit sales, collection of February sales in March March-Cash sales March-Credit sales, collection of March sales in March Total cash receipts from customers Accounts Receivable balance, March 31: March-Credit sales, collection of March sales in April - Enter any number in the edit fields and then click Check Answer. ? 1 part remaining Clear All Check