January $1.$ Round to the nearest dollar.

Read the requirements.

Cash Receipts from Customers

Requirements

Prepare a schedule of cash receipts for Maynard 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 $60\%$ in the month of the sale, $30\%$ in the month following the sale, and

$10\%$ in the second month following the sale. What is the balance in Accounts

Receivable on March $31?$