DA Score of point Save Homework Marin Company projects the following sales for the first three months of the year. $10,000 in January, $14,000 in February, and $12.900 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 balanon on January 1. Round to the nearest dollar Read the requirements Menu aments Requirement 1. Prepare a schedule of cash receipts for Martin 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 emply. Do not enter a zero.) mewor Cash Receipts from Customers a Quinn January February March Total Total sales January February March Total Cash Receipts from Customers: Accounts Receivable balance, January 1 JanuaryCash sales January-Credit sales, collection of January sales in January January-Credit salos, collection of January sales in February February Cash sales February-Ordit sales, collection of February sales in February February-Credit sales, collection of February sale in March Enter any number in the edit fields and then click Check Answer Clear All Check Answer Help Me Solve This e Text Pages Get More Help ewor Quiz/ 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 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: March-Credit sales, collection of March sales in April Enter any number in the edit fields and then click Check Answer. Clear All Help Me Solve This e Text Pages Get More Help ... stome - X Requirements ance, collectid collectic 1. Prepare a schedule of cash receipts for Marlin 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 70% in the month of the sale, 20% 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? - collecti 3. collect collection Print Done om custom ole balance, March 31: 5. collection of March sales in April In the edit fields and then click Check Answer. Clear All Tot Ramos Get More Help