Module 6 HW Question 2, EM7-26 (similar to) P22 HW Score: 37.14%, 37 14 of 100 points Points: 12.14 of 25 Carmen Company projects the following sales for the first three months of the year $13,500 in January $11,600 in February, and $14,100 in March The company expects 50% of e account Sales on account am colected 60% in the month of the sale and 50% in the flowing month The Accounts Receivable account has a zero balance on January 1 Round Read the itements Save sales to be cash and the remainder Requirement 2. Prepare a redised schedule of cash receipts if receipts from sales on account are 70% in the month of the sale 25% in the math t balance in Accounts Receivable on March 312 of an input fuld is not used, leave the input Seid empty. Do not Cash Receipts from Customers Total sales Cash Receipts from Customers Acments Recalable balance January 1 January-Cash sales January-Credit sabes cafection of January sales in January January-Credt sales collection of January sales in February January February Merch Total January February March Total sale, and 5% in the second minds following the sale What is the Carmen Company projects the following sales for the first three months of the year $13,500 in January $11,600 in February, and $14,100 in March The company expects 80% of the sales to be cash and the remainder o 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 dolar Read the tourments January-Credit sales, etection of January sales in February January-Credit sales, collection of January sales in March February-Cash sales February-Credt sales collection of February sales in February February-Crude sales, collection of February sales in March March-Cash sales March-Credit sales, colection of March sales in March Total cash receipts from customers Accounts Receivable balance. March 31 Cridt sales collection in April and May CHID Requirements His Receivable has a zero biance on January 1 Hound to the ne y sales in February my sales in March sary sales in Februa sary sales in March 1. Prepare a schedule of cash receipts for Carmen for January, February, and March. What is the balance in Accounts Receivable on March 31? 2. Prepare a revised schedule of cash receipts if receipts from sales on account are 70% in the month of the sale, 25% in the month following the sale, and 5% in the second month following the sale. What is the balance in Accounts Receivable on March 31? sales in March 1: Print Done -X nearest del Carmen Company projects the following sales for the first three months of the year $13.500 in January $11,600 in February, and $14,100 in March The company expects 00% of the sales to be cash and the remainder o 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 t Read the ment Requirement 1. Prepare a schedule of cash recepts for Carmen for January February and March What is the balance in Accounts Receivable on March 317 of an input fold is not used me the input field empty O no Cash Receipts from Customers Total sales Cash Receipts from Customers Awans Recalable balance, January 1 January February March Total S 13.500 11.600 1100 1200 January February Total March January-Cash sales S 10.000 January-Odt sales of January sales a January 1350 January-Cled sales collection of Jety sales in February 1350 Help me solve this Demodocs example Get more help- Clear all Check answer Carmen Company projects the following sales for the first three months of the year $13.600 in January, $11,600 in February and $14,100 in March. The company expects 80% of t account Sales on account are collected 50% in the month of the sale and 50% in the following month. The Acceces Receivable accou o balance on January 1. Found Read the reme January-Credit sales, collection of January sales in February February-Cash sa Fotuary-Cet ses selection of February tales in February February-Credit sales calledion of February sales in Mech MarchCash Marche-Credt ses colection of Marsh sales in March Total cash recapta from her 51:350 5200 1140 $ 1.160 11200 1410 1 12 150 1170013050 37.290 be cash and the remainder on Accounts Receivable balance, March 31 in Apil March-Cradit ses colocon of March S 1410 Requirement 2. Prepare a revised schedule of cash receipts of receipts from sales on account are 70% in the month of the 25% in the flowing the cals, and 5% as the second month downg the ss that is the Carmen Company projects the following sales for the first three months of the year $13,500 in January $11,600 in February; and $14, 100 in March. The company expects 80% of the sales to t account Sales on account are colected 50% in the month of the sale and 50% in the following month. The Accounts Receivable account balance un January 1 Round to Read the mants ca and the masher on Requirement 2. Prepare a revised schedule of cash receipts if receipts bom sales an account are 70% in the month of the sale 25% in the month following the sale and 5% in the second menth flowing the sale What is the balance in Accounts Receivable on March 317 an input feid is not used, save the input Seld empty. Do eat enter a zw) Cash Receipts from Customers Total sales Cash Receipts from Custome Accus Recate balance January January-Cash sale January-Cnt sales action of Jamary sais duny Jamiry-Credt sales onlydis of January sales in February January February March Total January February March Total Carmen Company projects the following sales for the first three months of the year $13.500 in January $11,600 in February; and $14,100 in March The company expects 00% of the sales to be cash and the remainder in account Sales on account are collected 50% in the month of the sale and 50% in the following month The Accounts Receivable account sawe balance on January 1 Round to the new dollar Read the cu January-Cash sales January-Cret sales, colection of January sales by January January-Cred action of January sales in March ton af February February March-Cash sales Mirch-Criction of March sales in Manh cash receipts from coars Carmen Company projects the following sales for the first three months of the year $13.500 in January $11,000 in February, and $14.100 in March. The company expects 00% a accent Sales un account are safected 50% in the month at t sale and 50% in the month The Accounts Receivable account aro balance in January 1 Round Read the ants January-Credit sales, collection of January sainsbury Ce sales section of February-Credit cale section of February March March-Cash sales March-Credit: collection of March as a March Accounts Recebis balans, March 31 Crut Art and Mey and t Requirements ary 1 rua rch 1. Prepare a schedule of cash receipts for Carmen for January, February, and March. What is the balance in Accounts Receivable on March 31? 2. Prepare a revised schedule of cash receipts if receipts from sales on account are 70% in the month of the sale, 25% in the month following the sale, and 5% in the second month following the sale. What is the balance in Accounts Receivable on March 31? Print Done -X sales to be sath and Carmen Company projects the folowing sales for the first twee months of the year $13.500 in January, $11,600 in Fabrary; and $14 100 in Mesh The company specs 80% of e account Sales on account are collected 50% in the month of the sale and 50% in the following munts. The Accounts Receivable account has a zero balance en Jary 1. Round to Read the reements March-Credit sales, collection of March sales in April 1.410 Requirement 2. Prepare a revised schedule of cash receipts if receipts from sales on account are 70% in the month of the sale 25% in the month following the sale, and 5% in the second math folowing the sale What is the balance in Accounts Receivable on March 312 (if an input Seld is not used are the input Seld empty Do not arter a pio) Cash Receipts from Customers Total sales Cash Receipts from Customers Accounts Receivable balance January 1 January-Cash sales January-Credt sales, collection of January salon in January January February March Total January February March Total Help me solve this Demodocs example Get more help- Type here to search Clear all Check answer 12:41 PM 879 6/15/2002 Camun Company projects the following sales for the fast three months of the year $13.500 in January $11.000 in February, and $14,100 in March. The company expects 80% of the sales to t account Sales on account are collected 50% in the month of the sale and 50% in the folowing month The Accounts Recalable account has a zoro balance on January 1 Round to t Read the cogements cash and the mainder of 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 January-Credit sales collection of January sales in March Fality-Cash February-Credit sales coction of February sales in February Yebruary-Cre sales collection of February sales as March March-Cash sales March-Credit sales collection of March sales in March Camon Company projects the following sales for the test the months of the year $13,500 in January $11.600 in Tebary, and $14,100 in March, The company experts account Sales oo account are colored 50% in the month of the sale and 50% in the following murch. The Accents Receivable account) zero balance on Jany 1 Read the requirements January-Credit sales, collection of January sales in February Jay-Credit sales, colection of January in March strayCash sales Fanuary-Cat sa collection of February sus in Catay February-Crasad of February ass in March March-Cash sales March-Credit sales, colection of Marth sales in March Total cash secepts from customers Accounts Receivable balance, March 31: Cindt sales collection in April and May % of the sales to be cash and the n d s in February s in March ales in Februa ales in March Requirements 1. Prepare a schedule of cash receipts for Carmen for January, February, and March What is the balance in Accounts Receivable on March 31? 2 Prepare a revised schedule of cash receipts if receipts from sales on account are 70% in the month of the sale. 25% in the month following the sale, and 5% in the second month following the sale. What is the balance in Accounts Receivable on March 31? March Print Done -X Homework GODINU W** Caman Company prects the gas be the best these mont kit Saks lead th year $13.500 in Jay $11.500 and 14100 wing month. The Accents Raceae Cash Receipts n Cus Cash ps from Cur March The pay spec Check anewer Clear a Homework www Carmen Company projects the wings for the first these months of the year 513 500 January 116bruary and 114.10 March The c the sale and 50% in wing wank The Accou February Cash sal Vebruary Credit sales collection of february in February March Cash sale March Credt sales, colection of March sales in March Credit sales, collection in April and May