Maynard ompany projects the lowing sales for he first three months o the year. S 10.800 in January: $13,800 n February: and $10.400 in March. The company expects 60% of the sales to be cash and he remainder on account. Sales on account are collected 50 n the month o the sale and 50 in the o o ng month. he Accounts ece a e account as a zero balance on anuar/ oun o the nearest do a Read the requirements Requirement 1. Prepare a schedule of cash receipts for Maynard for January, February, and March. What is the balance in Accounts Recaivable on March 31? (Leave unused and zero balance account cells blank, do not enter "O".) Cash Receipts from Customers JanuaryFebruaryarch Total Total sales Requirements JanuaryFebruary March Total 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 1. Prepare a schedule of cash receipts for Maynard 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 account are 70% in the month of the sale, 10% in the month following the sale, and 20% in the second month following the sale, what is the balance in Accounts Receivable on March 31? 2. Print Done Enter any number in the edit fields and then click Check Answer. March-Cash sales March Credit sales, collection of March sales in March Total cash receipts from customers Requirements 1. Prepare a schedule of cash receipts for Maynard for January, February, and March. What is the balance in Accounts Receivable on March 31? Accounts Receivable balance, March 31: March- -Credit sales, collection of March sales in April nter any number in the edit fields and then click Check Answer. 2. Prepare a revised schedule of cash receipts if receipts from sales on account are 70% in the month of the sale, 10% in the month following the sale, and 20% in the second month following the sale. What is the balance in Accounts Receivable on March 31