Homework: Chapter 22 Save Score: 0 of 1 pt 1 of 3 (0 completo) HW Score: 0%, 0 of 3 pts E22-26 (similar to) Question Help Graham Company projects the following sales for the first three months of the year $13,500 in January: 16,100 in February, and 515,800 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 Read the requirements 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 it an input field is not used, leave the input field empty. Do not enter a zero) Cash Receipts from Customers January 13500 Total February 15100 February March 15800 Total sales Jandary March Total Cash Receipts from Customers: Accounts Recent batance January 1 aanuary-Colo Collection of January sales in January arany--Creditscodection of January sales in February Fabry-Cuttet coedionot Foray in Fully ng Enter any number in the edt finds and then click Chack Answer 1 part emaine Cla Check Aman BO A Requirements 1. Prepare a schedule of cash receipts for Graham for January, February, and March. What is the balance in Accounts Receivable on March 312 2. Prepare a revised schedule of cash receipts if receipts from sales on account are 60% in the month of the sale, 25% in the month following the sale, and 15% in the second month following the sale. What is the balance in Accounts Receivable on March 31? Print Done die Feuruary February--Credit sales, collection of February sales in March March---Cash 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 Enter any number in the edit fields and then click Check Answer 1 pant Clear All remaining