All one question

Elwood Company projects the following sales for the first three months of the year: $12,400 in January; $13,800 in February; and $15,800 in March. The company expects 80% of the sales to be cash and the remainder on account. Sales n 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 2. Prepare a revised schedule of cash receipts if receipts from sales on account are 70% in the month of the sale, 10% in the month following the sale, and 20% in the second month following the sale. What is the balance Accounts Receivable on March 31? (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 Cash Receipts from Customers January February March Total Total sales January February March Total Cash Receipts from Customers: Accounts Receivable balance, January 1 JanuaryCash sales JanuaryCredit sales, collection of January sales in January JanuaryCredit sales, collection of January sales in February JanuaryCredit sales, collection of January sales in March FebruaryCash sales FebruaryCredit sales, collection of February sales in February FebruaryCredit sales, collection of February sales in March MarchCash sales MarchCredit sales, collection of March sales in March Total cash receipts from customers Enter any number in the edit fields and then continue to the next question. Total cash receipts from customers Accounts Receivable balance, March 31: Credit sales, collection in April and May Enter any number in the edit fields and then continue to the next