Carmen Company projects the following sales for the first three months of the year: $10,800 in January: $10,200 in February, and $16.300 in March. The company expects 80% 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 Carmen for January, February, and March. What is the balance in Accounts Receivable on March 317 (Leave unused and zero balance account cells blank, do not enter "0") Cash Receipts from Customers January February March Total Total sales 40 200 1020062004 300 Requirements Cash Receipts from Accounts Receivable ba January-Cash sales 1. Prepare a schedule of cash receipts for Carmen for January, February, and March. What is the balance in Accounts Receivable on March 31? January-Credit sales, 2. Prepare a revised schedule of cash receipts if receipts from sales on account January-Credit sales, 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 February--Cash sales Receivable on March 31? February-Credit sales February--Credit sales Print Done MarchCash sales March-Credit sales, collection of March sales in March 1630 Total cash receipts from customers $ 9.720 $ 10,260 $ 15,690 $ 35,670 Accounts Receivable balance, March 31: March-Credit sales, collection of March sales in April $ 1,630 Requirement 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 317 (Leave unused and zero balance account cells blank, do not enter "0") Carmen Company projects the following sales for the first three months of the year: 510,800 in January: $10,200 in February, and $16,300 in March. The company expects 80% 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 Carmen for January, February, and March What is the balance in Accounts Receivable on March 317 (Leave unused and zero balance account cells blank, do not enter"0") Cash Receipts from Customers Total sales January 10,800 January February $ 10,200 February March T otal $ 16,300 $ 37,300 March Total Cash Receipts from Customers: Accounts Receivable balance, January 1 January-Cash sales $ 8,640 1,080 1,080 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 February-Credit sales, collection of February sales in March March-Cash sales March-Credit sales, collection of March sales in March 8,160 1,020 1,020 13.040 1.630 15.690 5 Total cash receipts from customers Accounts Receivable balance, March 31: March-Credit sales, collection of March sales in April $ 1,630 Requirement 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 317 (Leave unused and zero balance account cells blank, do not enter "0") Carmen Company projects the following sales for the first three months of the year $10.800 in January: $10,200 in February; and $16,300 in March. The company expects 80% 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 March-Credit sales, collection of March sales in April $ 1,630 Requirement 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 317 (Leave unused and zero balance account cells blank, do not enter "0") 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 January-Credit sales, collection of January sales in March February Cash sales February --Credit sales, collection of February sales in February February--Credit sales, collection of February sales in March March-Cash sales March-Credit sales, collection of March sales in March Total cash receipts from customers Accounts Receivable balance, March 31: Credit sales, collection in April and May Carmen Company projects the following sales for the first three months of the year: 510,800 in January: $10,200 in February, and $16,300 in March. TI company expects 80% 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 following month. The Accounts Receivable account has a zero balance on January 1. Round to the nearest dollar Read the requirements MarchCredit sales, collection of March sales in April $ 1,630 Requirement 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 317 (Leave unused and zera balance account cells blank, do not enter "0") 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 January-Credit sales, collection of January sales in March February--Cash sales February-Credit sales, collection of February sales in February February --Credit sales, collection of February sales in March March-Cash sales March-Credit sales, collection of March sales in March Total cash receipts from customers Accounts Receivable balance, March 31: Credit sales, collection in April and May Enter any numar in the futant than