Maynard Company projects the following sales for the first three months of the year:

Maynard Company projects the following sales for the first three months of the year: $16,700 in January; $12,200 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. 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 field empty. Do not enter a zero.) Cash Receipts from Customers Total sales Cash Receipts from Customers: unts Receivable balance, January 1 JanuaryCash sales JanuaryCredit sales, collection Of January sales in January JanuaryCredit sales, collection Of January sales in February ebruaryCash sales ebruaryCredit sales, collection of February sales in February ebruaryCredit sales, collection of February sales in March MarchCash sales MarchCredit sales, collection of March sales in March Total cash receipts from customers Accounts Receivable balance, March 31: MarchCredit sales, collection of March sales in April January January February February March March Total Total