Graham company projects the following sales for the first three months of the year. $14300 in January, $15900 in Febuary, and $14100 in March. The company expects 70% of sales to be cash and the remainder on account. Sales on account are collected 50% in the month of sale and 50% in the following month. The accounts recievable account has a zero balance on January 1st.

Requirement 1: Prepare a schedule of cash recepts for Graham for January, Febuary and March. What is the balance in Accounts Recevable on March 31st?

Homework: Week #4 Chapter #7 Score: 0 of 1 pt 5 of 7 (5 complete) E22-27 (similar to) Galam Company projects the following sales for the first three months of the year: 514.300 in January, 515.900 in February, and $14,100 in March The company expects 70% of the sales to be cash and the com the month of the sale and 50% in the following month. The Accounts Recewable court has a zero balance on January 1 Round to the nearest dollar Read the Requirement 1. Prepare a schedule of cash receipts for Graham for January February, and March What is the balance in Accounts Receivable on March 317 (Lene unused and re balance account ces Bank dom Cash Receipts from Customers January February March Total 1000 11.00 14100 2000 February March Total Cash Receipts from Custom Recet, Jawry1 January Cash sales Caesar Heren Che 1 par