Bb MyCourses@CCSU - Bla x CengageNOWv2 | Online x * Course Hero X Homework Help - Q&Afr X | Mail - Dacres, Javon L. (S X C) PLEASE SHOW WORK O X + X C D v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false .S Security error Bb Review Test Submis... @ PMP Test Question. f xFinity | Portal Chapter 13 Homework eBook 1. PR.13.03.ALGO Schedule of Cash Collections of Accounts Receivable ? Innovative Office Inc. has "cash and carry" customers and credit customers. Innovative Office estimates that 25% of monthly sales are to cash customers, 2. EX.13.16.ALGO while the remaining sales are to credit customers. Of the credit customers, 20% pay their accounts in the month of sale, while the remaining 80% pay their 3. EX.13.23.ALGO accounts in the month following the month of sale. Projected sales for the first three months of 20Y4 are as follows: 4. EX.13.18.ALGO January $106,000 February 133,000 5. EX.13.14.ALGO March 194,000 The Accounts Receivable balance on December 31, 20Y3, was $71,000. Prepare a schedule of cash collections from sales for January, February, and March. INNOVATIVE OFFICE INC. Schedule of Collections from Sales For the Three Months Ending March 31, 20Y4 January February March Receipts from cash sales: Cash sales 26,500 33,250 $ 48,500 December sales on account: Collected in January 71,000 ales on account: Collected in January 26,500 X Check My Work Previous 1 7 0 7:56Bb MyCourses@CCSU - Bla x CengageNOWv2 | Online x * Course Hero X Homework Help - Q&Afr x| Mail - Dacres, Javon L. ( X C) PLEASE SHOW WORK O X + X C D v2.cengagenow.com/ilrn/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false .S Security error Bb Review Test Submis.. @ PMP Test Question.. f xFinity | Portal Chapter 13 Homework eBook January February March 1. PR.13.03.ALGO Receipts from cash sales: ? 2. EX.13.16.ALGO Cash sales 26,500 33,250 48,500 December sales on account: 3. EX.13.23.ALGO Collected in January 71,000 4. EX.13.18.ALGO January sales on account: Collected in January 26,500 X 5. EX.13.14.ALGO Collected in February February sales on account: Collected in February Collected in March March sales on account: Collected in March Total cash receipts Feedback Check My Work Add each month's cash sales to January, February, and March collections. Check My Work Previous N C 1 9 7:57