Avery Company projects the following sales for the first three months of the year $13.500 in January, $12.200 in February, and $10,500 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 Avery for January, February, and March. What is the balance in Accounts Receivable on March 317 (If an input field is not used leave the input field empty Do not ender Cash Receipts from Customers Cash Receipts from Customers Accounts Receivable balance January 13 January-Cash sales January-Credt sales, collection of January sales in January January-Credit sales, colection of January sales in February February-Cash sales February-Credit sales tullection of February sales in February Tatuary-Credit sales, collection af February vale in March January 13.500 January February March 12.200 10500 Total 36.200 February March Total Requirements 1. Prepare a schedule of cash receipts for Avery for January, February, and March. What is the balance in Accounts Receivable on March 317 2 Prepare a revised schedule of cash receipts if receipts from sales on account are 50% in the month of the sale, 15% in the month following the sale, and 25% in the second month following the sale What is the balance in Accounts Receivable on March 317 Print Done