laynard Company projects the following sales for the first three months of the year: $$11,500$ in January; $$14,600$ in February; and $$16,300$ in March. The company expects $80\%$ of the sales to be cash nd 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 ee nearest dollar.

Read the equirements.

Requirement $1.$ Prepare a schedule of cash receipts for Maynard for January, February, and March. What is the balance in Accounts Receivable on March $31?($If an input field is not used, leave the input ield empty. Do not enter a zero.$)$

Cash Receipts from Customers

$\backslash$table$[[$Total sales$],[$Cash Receipts from Customers:$],[$Accounts Receivable balance, January $1],[$January$-$Cash sales$],[$January$-$Credit sales, collection of January sales in January$],[$January$-$Credit sales, collection of January sales in February$],[$February$-$Cash sales$],[$February$-$Credit sales, collection of February sales in February$],[$February$-$Credit sales, collection of February sales in March$],[$March$-$Cash sales$],[$March$-$Credit sales, collection of March sales in March$],[$Total cash receipts from customers$]]$