Elwood Company projects the following sales for the first three months of the year: $$11,200$ in Jace account has a zero balance on January account are collected $50$

Read the requirements.

Requirements

Prepare a schedule of cash receipts for Elwoo February, and March. What is the balance in A $31?$

Prepare a revised schedule of cash receipts i are $60\%$ in the month of the sale, $10\%$ in the $30\%$ in the second month following the sale. Receivable on March $31?$

Accounts Receivable balance, March $31$: