carmen company

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Carmen Company has the following projected costs for manufacturing and selling and administrative expenses: Click the icon to view the projected costs.) Prepare a schedule of cash payments for Carmen for January, February, and March. Determine the balances in Prepaid Property Taxes, Accounts Payable, and Utilities Payable as of March 31. (Assume the company started operations in January. If an input field is not used in the table leave the input field empty, do not enter a zero.) BEBE January February March Total hod 25 .000 Cash Payments Direct Materials: Accounts Payable balance, January 1 January-Direct material purchases pald in February February -- Direct material purchases paid in March Total payments for direct materials 2.400 260 2,660 Direct Labor: Total payments for direct labor 240 2.420 .. anuary, February, and March. What is the balance in Accounts Receivable on March 31? (If an input f Requirements a 1. Prepare a schedule of cash receipts for Armand for January, February, and March. What is the balance in Accounts Receivable on March 31? 2. Prepare a revised schedule of cash receipts if receipts from sales on account are 60% 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 31? Print Done Homewe Question 4, EM5-26 (sim... Part 1 of 2 HW Score: 0%, 0 of 7 points Points: 0 of 1 Save Armand Company projects the following sales for the first three months of the year: $12,400 in January: $10,200 in February; and $10,400 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 Read the requirements Requirement 1. Prepare a schedule of cash receipts for Armand 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 enter a zero.) Cash Receipts from Customers January February March Total Total sales January February March Total Cash Receipts from Customers: Accounts Receivable balance, January 1 January-Cash sales January --Credit sales, collection of January sales in January January--Credit sales, collection of January sales in February February--Cash sales February--Credit sales, collection of February sales in February annerlawanan