Module 6 HW Question 2, EM7-26 (similar to) HW Score: 37.14%, 37.14 of 100 points Part 2 of 2 Points: 12.14 of 25 Save is the following sales for the first three months of the year: $10,800 in January; $15,900 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 doll 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 31? (If an input field is not used, leave the input field empty Do not enter a zero.) Cash Receipts from Customers January February March Total Total sales 10,800 $ 15,900 $ 11,100 $ 37,800 January February March Total Cash Receipts from Customers: Accounts Receivable balance, January 1 January-Cash sales $ 6,480 January-Credit sales, collection of January sales in January 2,160 January-Credit sales, collection of January sales in February $ 2, 160 February-Cash sales 9,540 February-Credit sales, collection of February sales in February 3 , 180 February-Credit sales, collection of February sales in March $ 3,180 March-Cash sales 6 , 660 March-Credit sales, collection of March sales in March 2,220 8.640 $ 14.880 $ 12.060 $ 35.580 Help me solve this Demodocs example Get more help - Clear all Check answer 15 Hey Hi $ o W : 5 6 Q W E R Y U O P A S D F G H J K Z X C B N M 96 tion command command optionead the requirements. Jailualy-VItull Sales, CullECUUll VI Jailuary Sales III reulualy February-Cash sales ,540 February-Credit sales, collection of February sales in February 3, 180 February-Credit sales, collection of February sales in March $ 3, 180 March-Cash sales 6,660 March-Credit sales, collection of March sales in March 2,220 Total cash receipts from customers $ 8,640 $ 14,880 $ 12,060 $ 35,580 Accounts Receivable balance, March 31: March-Credit sales, collection of March sales in April $ 2,220 Requirement 2. Prepare a revised schedule of cash receipts if receipts from sales on account are 60% in the month of the sale, 35% in the month following the sale, and 5% in the second month following the sa 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 January February March Total Total sales 10800 15900 11100 3/800 January February March Total Cash Receipts from Customers: Help me solve this Demodocs example Get more help - Clear all Check answer 15 w esc Hey Hi @ o W # N 5 P Q W R T Y U O . . 4 S D F G H K .V Z X C V B N M _L 96 command option option commandMarcel Company projects the follow remainder on account. Sales on account are collected 50% in the month of the sale and 50% in the follo Read the requirements. 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 January February March Total 10800 15900 1110 37800 Total sales January February March Total Cash Receipts from Customers: Accounts Receivable balance, January 1 January-Cash sales 6480 January-Credit sales, collection of January sales in January 2592 January-Credit sales, collection of January sales in February January-Credit sales, collection of January sales in March February-Cash sales 9072 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 9072 Total cash receipts from customers Help me solve this Demodocs example Get more help - Clear all OM 15 esc Hey Hi @ A 2 3 5 6 O O Q W E R T tab Y U O P A S D F ps lock G H C K Z X C V B N M 96 control option command commaJanuary February March Total Cash Receipts from Customers: Accounts Receivable balance, January 1 6480 January-Cash sales January-Credit sales, collection of January sales in January 2592 January-Credit sales, collection of January sales in February January-Credit sales, collection of January sales in March 9072 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 9072 Total cash receipts from customers Accounts Receivable balance, March 31: Credit sales, collection in April and May Help me solve this Demodocs example Get more help - DO 15 " tv J Q N 9 1 1 4 0 esc Hey Hi @ # $ % K 3 4 5 8 Q W tab E R T U O caps lock A S D F G H J K Z X C V B N M 96 control option command