C D E F G H J K L M Schedule of Cash Receipts from Customers First Quarter Second Quarter Third Quarter Fourth Quarter Total Total sales 82,500 $97,500 $112,500 $127,500 $420,000 CASH RECEIPTS FROM CUSTOMERS 8 Accounts Receivable balance, 12/31/19 32,000 9 Q1 -Cash sales 53,625 10 Q1 -Credit sales 17,325 11,550 11 Q2 -Cash sales 63,375 12 Q2-Credit sales 20,475 13,650 13 Q3 - Cash sales 73,125 14 Q3 - Credit sales 23,625 15,750 15 Q4 - Cash sales + 82,875 16 04 - Credit sales 26,775 17 Total cash receipts from customers 18 Try Again! Try Again! Try Again! Try Again! Try Again! 19 Accounts Receivable balance, 12/31/20 20 04 - Credit Sales $26,775