Marcel Company projects the following sales for the first three months of the you: $11,200 in January: $13.800 in February, and $11,100 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 Requirement 1. Prepare a schedule of cash receipts for Marcel for January February, and March What is the balance in Accounts Receivable on March 317 (Leave unused and balance account bank, de Cash Receipts from Customers January February March Total Requirements 10000 1000 January February March Total 1. Prepare a schedule of cash receipts for Marcel for January February, and March. What is the balance in Accounts Receivable on March 317 2. Prepare a revised schedule of cash receipt of receipts from sales on account are B0% in the month of the sale, 15% in the month following the sale, and 5% in the second month following the sale. What is the balance in Accounts Receivable on March 317 Cash Receipts from Customers Accounts Receivable balance January 1 January Cachas January Credit scoton of January sales in January January Credit sales, collection of January sales in February February Cash February Crea t ion of February sales in February February Cro c cion of February sales in March Print Done Enter any number in the site and then dickCheck Answer 1 Clear All g Check Answer Marcel Company projects the following sales for the first three months of the year: $11,200 in January, $13,000 in February, and $11,100 in March. The company expects 60% of the sales to be cash and the remainder on account. See 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 Cash Receipts from Customers Accounts Receivable balance, January 1 Requirements January-Cash sales January Credit ses collection of January sales in January January-Credit sales, collection of January sales in February February Cash sales February Credit sales, colection 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 1. Prepare a schedule of cash receipts for Marcel for January, February, and March What is the balance in Accounts Receivable on March 317 2. Prepare a revised schedule of cash receipts if receipts from sales on account are 80% in the month of the sale, 15% in the month following the sale, and 5% in the second month following the sale. What is the balance in Accounts Receivable on March 317 Total cash receipts from customers Print Done Accounts Receivable balance, March 31: March-Credit sales, collection of March sales in April Enter any number in the edit fields and then click Check Answer. 1 panairing Clear All Check