Armand company projects the following sales for the first three months of the year 13,500 and January 16,100 and February 14,100 in March. the company expects 70% of the sales to be cash and the reminder of account. sales on account are collected 50% in the month of the sale and 50% of the following month. The account receivable has zero balance on January 1.

1. Round to the nemest dotar. Fhad te fecursments incut freld emply. Do not enter a zero.) 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 account are 70% in the month of the sale, 20% in the month following the sale, and 10% in the second month following the sale. What is the balance in Accounts Receivable on March 31? Ammand Compary projocts the following sales for the Irst three months of the yoar: $13,500 in danuary, $16,100 in February, and $14,100 in March. The compary expects. of the saits to be 1. Round to the nearest dolat Read the fecuicment Requirement 1. Prepare a schedule of cash receipts for Armand for January, February, and March. What is the balance in Accounts Receivable on March 317 (tt an incut feld is not isd, inaxe the inpuat field empty. Do not enter a zero.) Requirement 1. Prepare a schedule of cash receipts for Armand for January, Fobruary, and March. What is the belance in Accounts Recoikable on March 31 ? input field empty. Do not enter a zaro.j