Company projects the following sales for the first three months of the year: $14300 in January;$ 10100, 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 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.

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, 30% in the month following the sale, and 10% in the second month following the sale. What is the balance in Accounts Receivable on March 31?