Marcel Company projects the following sales for the first three months of the year: $$15,800$ in January; $$11,600$ in February; and $$13,400$ in March. The company expects $70\%$ 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.

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Requirements

Prepare a schedule of cash receipts for Marcel Company 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 accour are $60\%$ in the month of the sale, $10\%$ in the month following the sale, and $30\%$ in the second month following the sale. What is the balance in Accounts Receivable on March $31?$