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Part 2 please... Show work. Thank you! Jayson Company projects the following sales for the first three months of the year: $13,500 in January; $10,200

Part 2 please... Show work. Thank you!image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

Jayson Company projects the following sales for the first three months of the year: $13,500 in January; $10,200 in February; and $16,300 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. Read the requirements. Requirement 1. Prepare a schedule of cash receipts for Jayson for January, February, and March. What is the balance in Accounts Receivable on March 31? (lf an input field is not used, leave the input field empty. Do not enter a zero.) Cash Receipts from Customers Total January February March $ 13,500 || $ 10,200 $ 16,300 $ Total sales 40,000 January February March Total Cash Receipts from Customers: Accounts Receivable balance, January 1 JanuaryCash sales $ 8,100 2,700 January-Credit sales, collection of January sales in January January-Credit sales, collection of January sales in February $ 2,700 $ 2,700 6,120 JanuaryCredit sales, collection of January sales in February FebruaryCash sales FebruaryCredit sales, collection of February sales in February FebruaryCredit sales, collection of February sales in March 2,040 $ 2,040 9,780 March-Cash sales March-Credit sales, collection of March sales in March 3,260 10,800 | $ 10,860 || $ 15,080 $ 36,740 Total cash receipts from customers Accounts Receivable balance, March 31: MarchCredit sales, collection of March sales in April $ 3,260 Requirement 2. Prepare a revised schedule of cash receipts if receipts from sales on account are 60% in the month of the sale, 25% in the month following the sale, and 15% in the second month following the sale. 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 January February March Total Cash Receipts from Customers: Accounts Receivable balance, January 1 JanuaryCash sales JanuaryCredit sales, collection of January sales in January January-Credit sales, collection of January sales in February January-Credit sales, collection of January sales in February JanuaryCredit sales, collection of January sales in March February-Cash sales FebruaryCredit sales, collection of February sales in February FebruaryCredit sales, collection of February sales in March March-Cash sales March-Credit sales, collection of March sales in March Total cash receipts from customers Accounts Receivable balance, March 31: Credit sales, collection in April and May

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