Help please!

Mason

Company projects the following sales for the first three months of the year:

$15,800

in

January;

$11,600

in

February;

and

$13,400

in

March.

The company expects

60%

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.

Mason Company projects the following sales for the first three months of the year: 515,800 in January: $11,600 in February, and $13,400 in 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 Mason for January February, and March. What is the balance in Accounts Receival Cash Receipts from Customers January February March Total 15800 11600 13400 40800 Total sales January February March Total Cash Receipts from Customers: 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 MarchCash 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 Evable on March 31? (If an input field is not used, leave the input field empty. Do not enter a zero.) Requirements - 1. Prepare a schedule of cash receipts for Mason 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 60% in the month of the sale, 35% in the month following the sale, and 5% in the second month following the sale. What is the balance in Accounts Receivable on March 31? Print Done