Ewood Company projects the following sales of first three months of the year $16.700 injury, 514.000 in February and 12.900 in March. The company expects of the sales to be cash and the romaine on account Sales on cul are collected in the month of the sale and 50% in the following mon The Accounts Receivable unhas aro be on Jany 1 Round to the rest of Read the regula Requirement 1. Prepare a schedule of cash receptor Elmood for January, February, and March What is the balance in Accounts Receivable on March 31? (if an input fold is not used, leave the input field imply. Do not enter a zero) Cash Receipts from Customers January February March Total Tosias 16,700 14,600 12.000 44.200 January February March Total Cash Receipts from Customers Accordiovablo burt JanuaryCach 13.360 January Credit salos, collection only 1670 Ewood Company projects the following sales for the first the fronths of the year $10,700 in day 14.000 in February, and $12,000 in March. The company expecs 80% of the won todo cash and the perinde on accounts on account recotected 50% in the month of and 50% in the follow month. The Accounts Receivable account has 700 balance on Janway 1. Round to the nearest do Foad the require Cash Receipts from Customers Account Rev. banana January--Cash January-Creditos colloction of January solo in January January-C, collodion of January sales in my 13,360 1670 1670 11.600 8.700 Yabs-Cleatectone For sale in fata Food collection of February solo in March March Noch-Orthodon och 8.700 10.320 22.110 Totalcash recept from comes wo months of the year $16.700 inary: 14,000 in Forory, and $12.900 in March The company po 60% of those 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 to Read the requirements 1.670 1670 11.680 8.780 JanuaryCode colection of Januale in January JanaryCroaction of any in February FebruayCash February-Credisconsin February FurunCredilom obruary March MarchCash Marched sobochon of March alles in March Totalcash recipts from customers 8.700 10,320 72-110 Accounts Receivable balance, March 31: Creation of March in April 1. Prepare a schedule of cash receipts for Elwood 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, 10% in the month following the sale, and 20% in the second month following the sale. What is the balance in Accounts Receivable on March 31? Print Done