Jayson Company projects the following sales for the first three months of the year: $10,600 in January: $14,600 in February, and $13,400 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. - X 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 "O".) Cash Receipts from Customers January February March Total Total sales January February March Total Cash Receipts from Customers: Requirements Accounts Receivable balance, January 1 JanuaryCash sales January-Credit sales, collection of January sales in January 1. Prepare a schedule of cash receipts for Jayson for January, February, and March. What is the balance in Accounts Receivable on March 31? January-Credit sales, collection of January sales in February 2. Prepare a revised schedule of cash receipts if receipts from sales on February-Cash sales account are 60% in the month of the sale, 35% in the month following the sale, and 5% in the second month following the sale. What is the balance February-Credit sales, collection of February sales in February in Accounts Receivable on March 31? redit sales, collection of February sales in March March-Cash sales Print Done March-Credit sales, collection of March sales in March February-Credit Total cash receipts from customers Accounts Receivable balance, March 31: March-Credit sales, collection of March sales in April Requirement 2. Not assigned