Homework: Chapter 22 Score: 0.24 of 1 pt 1 of 3 (1 complete) HW Score: 7.86%, E22-26 (similar to) Question Marcel Company projects the following sales for the frst three months of the year $15,000 in January 315.000 in February, and $10.500 in March. The company expects 60% of the sales to be cash and the remainder on accounts account we 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 dolor. Read the requirements Total sales January February March Total Requirements Cash Receipts from Customers Accounts Receivable balance, January 1. Prepare a schedule of cash receipts for Marcel for January, February, and January-Cashes March What is the balance in Accounts Receivable on March 317 January-Credit sales, collection of January sales in January 2. Prepare a revised schedule of cash receipts receipts from sales on account January Creditos, collection of January sales in February are 70% in the month of the sale 20% in the month following the sale, and 10% in the second month following the sale. What is the balance in Accounts February Cash Receivable on March 317 February--Credit was collection of February sales in February February-Croisas, collection of Februarytas in March Print Done March-Cash soos March-Creoles, colection of March ales in March Total cash receipts from customers Accounts Receivable balance, March 31: March-Credit sales, collection of March ales in Ant