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Jayson Company projects the following sales for the first three months of the year: $13, 500 in January; $11, 600 in February; and $12, 800

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Jayson Company projects the following sales for the first three months of the year: $13, 500 in January; $11, 600 in February; and $12, 800 in March. The company expects 80% 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. Requirement 1. Prepare a schedule of cash receipts for Jayson 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

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