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cash and the remahder on account Sales on account are colected 50% in the month of the sale and 50% in the following month The Accounts Rectivable account has a zare balance on January 1. Round to the nearest dollar: Read the Requirement 1. Prepare a schedule of cash recelpts for Mason for January. February, and Morch. What is the balance in Accounts Recebable on March 31 ? (ff an ingut flele is net used, laave the input field emply Do not enter a zero) Accounts Receivable balance, March 31: March-Credit sales, collection of March sales in April Requirements 1. Prepare a schedule of cash receipts for Mason 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 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 in Accounts Receivable on March 31