Armand Company projects the following sales for the first three months of the year: $$12,600$ in January; $$11,300$ in February; and $$12,800$ in March. The company expects $60\%$ 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.

Requirement $1.$ Prepare a schedule of cash receipts for Armand for January, February, and March. What is the balance in A empty. Do not enter a zero.$)$

Cash Receipts from Customers

Accounts Receivable balance, March $31$ :

March$-$Crecitsales, collection of March sales in April $$

Requirements

Prepare a schedule of cash receipts for Armand for January, February, and March. What is the balance in Accounts Receivable on March $31?$

Prepare a revised schedule of cash receipts if receipts from sales on account are $60\%$ in the month of the sale, $30\%$ in the month following the sale, and $10\%$ in the second month following the sale. What is the balance in Accounts Receivable on March $31?$