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I've worked on this problem twice and still mess up. Can someone help me? Question Help { Elwood Company projects the following sales for the

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I've worked on this problem twice and still mess up. Can someone help me?

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Question Help { Elwood Company projects the following sales for the rst three months of the year: $14,300 in January; $16,100 in February; and $13,400 in March. The company expects 70% 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 muirements. Requirement 1. Prepare a schedule of cash receipts for Elwood for January, February, and March. What is the balance in Accounts Receivable on March 31? (Leave unused and zero balance account cells blank, do not enter \"0".) Cash Receipts from Customers January February March Total Total sales January February March Total Cash Receipts from Customers: JanuaryCash sales | JanuaryCredit sales, collection of January sales in January I JanuaryCredit sales, collection of January sales in February Total cash receipts from customers Accounts Receivable balance, March 31: :: 0 Requirements . Prepare a schedule of cash receipts for Elwood for January, February, and March. What is the balance in Accounts Receivable on March 31? , Prepare a revised schedule of cash receipts if receipts from sales on account are 70% in the month of the sale, 10% in the month following the sale, and 20% in the second month following the sale. What is the balance in Accounts Receivable on March 31'? Requirement 2. Prepare a revised schedule of cash receipts if receipts from sales on account are 70% in the month of the sale, 10% in the month following the sale, and 20% in the second month following the sale. What is the balance in Accounts Receivable on March 31? (Leave unused and zero balance account cells blank, do not enter "0".) Enter any number in the edit elds and then continue to the next question. A l_l- Question Help c Elwood Company projects the following sales for the rst three months of the year: $14,300 in January; $16,100 in February; and $13,400 in March. The company expects 70% 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 muirements, Requirement 2. Prepare a revised schedule of cash receipts if receipts from sales on account are 70% in the month of the sale, 10% in the month following the sale, and 20% in the second month following the sale. What is the balance in Accounts Receivable on March 31? (Leave unused and zero balance account cells blank, do not enter "0".) Cash Receipts from Customers February 0 Requirements - X Total sales February . Prepare a schedule of cash receipts for Elwood for January, FebruaryI and March. What is the balance in Accounts Receivable on March 31'? . Prepare a revised schedule of cash receipts if receipts from sales on account are 70% in the month of the saleI 10% in the month following the sale, and 20% In the second month following the sale. What Is the balance in Accounts Receivable on March 31'! Cash Receipts from Customers: JanuaryCash sales JanuaryCredit sales. collection of January sales in January JanuaryCredit sales, collection of January sales in February JanuaryCredit sales, collection of January sales In March Total cash receipts from customers Accounts Receivable balance, March 31: E . Enter any number in the edit elds and then continue to the next

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