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E22-27 (similar to) Question Help Carmen Company projects the following sales for the first three months of the year: $13.500 in January: $16,100 in February, and $10.400 in March. The company expects 70% 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. Total sales 73500 15100 10400 40000 January February March Total Cash Receipts from Customers: Accounts Receivable balance, January 1 January-Cash sales January-Credit sales, collection of January sales in January Requirements 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 Carmen for January, February, an February--Credit sales, collection of February sales in March March. What is the balance in Accounts Receivable on March 31? 2. Prepare a revised schedule of cash receipts if receipts from sales on acco March-Cash sales are 60% in the month of the sale, 10% in the month following the sale, and MarchCredit sales, collection of March sales in March 30% in the second month following the sale. What is the balance in Accour Receivable on March 31? Total cash receipts from customers Print Done Accounts Receivable balance, March 31: March-Credit sales, collection of March sales in April Enter any number in the edit fields and then click Check Answer. part Check