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Armand Company projects the following sales for the first three months of the year: $ 1 1 , 2 0 0 in January; $ 1
Armand Company projects the following sales for the first three months of the year: $ in January; $ in February; and $ in March. The company expects of the sales to be cash and the remainder on account. Sales on account are collected in the month of the sale and in the following month. The Accounts Receivable account has a zero balance on January Round to the nearest dollar.
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Requirement Prepare a schedule of cash receipts for Armand for January, February, and March. What is the balance in Accounts Receivable on March If an input field is not used, leave the input field empty. Do not enter a zero.
Cash Receipts from Customers
Accounts Receivable balance, March :
MarchCredit sales, collection of March sales in April
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