Graham Company projects the following sales for the first three months of the your $16.700 in January, 512 200 in February, and 513 400 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 balance on January 1 Round to the nearest dollar Read the requirements Requirement 1. Prepare a schedule of cash receipts for Graham for Januwy, February, and March What is the balance in Accounts Receivable on March 312 pt ani input field is not used leave the input field empty Do not enter a zero) Cash Receipts from Customers lo January February March Total Total sales 16700 12200 13400 42300 January February March Total a Cash Receipts from Customers 15 Accounts Receivable balance January 1 16700 12200 13400 January-Cash sales 500 January Credits collection of January in January tot January-Crot sales collection of any informy Februmry Cash sales np February-Crect sales. Colection of February sales in February m/td Femmary-Creat sales collection of February ses in March folloy March-Cash sales and S orting Enter any number in the edit fields and then continue to the next question studie Graham Company projects the following sales for the first three months of the year 516,700 in January, 512 200 in February and 513.400 in March. The company expects 80% of the sales to be cash and the remaindet on account Sales on account are collected 50% in the month of the safe and 50% in the following month. The Accounts Receivable account has a zero balance on January 1 Round to the nearest dollar Read the requirements Requirement 2. Prepare a rovised schedule of cash receipts if receipts from sales an account are 60% in the month of the sale, 25% in me morth following the sale, and 15% in the second month following the sale What is the balance in Accounts Receivable on March 317 in input field is not used, love the mout field try Do not enter a zero) Cash Receipts from Customers January February March Total sales Total February March Total January Cash Receipts from Customers: ud Accounts Receivable balance January 1 od January Cash sales January--Credit sales collection of January sales in any ale January - Credit sales collection of January sales in February January-Credit sales, collection of January sales in March February--Cash sales m/ti February Credit sales collection of February sales in Foruary Collon and otting Enter any number in the edit fields and then continue to the next question studie Da ti Accounts Receivable balance, March 31: Credit sales, collection in April and May lov d S ind Enter any number in the edit fields and then continue to the next