Armand Company projects the following sales for the first three months of the year: $13,500 in January: $11,600 in February: and $12,900 in March. The company expects 80% 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 Requirement 1. Prepare a schedule of cash receipts for Armand for January. February, and March. What is the balance in Accounts Receivable on March 31? (If an input field is not used, leave the input field empty. Do not enter a zero.) Armand Company projects the following sales for the first three months of the year: $13,500 in January, $11,600 in February; and $12,900 in March. The company expects 80% 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