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Cramer Company projects the following sales for the frrst three months of the year: $10,800 in January: $11,300 in February, and $10,400 in March. The compary expects 80% of the sales to be cash and the remainder on account. Sales on account are collected 50% in the month of the sale and $0% in the following month. The Accounts Receivable account has a zero balance on January 1. Round to the nearest dollar. Bead the requirements. Cash Receipts from Customers Cramer Company projects the following sales for the first three months of the year; $10,800 in January; $11,300 in February, and $10,400 in March. The company expocts 80% of the sales to be cash and the remainder on accourt. Sales on account are collected 50% in the month of the sale and 50% in the following month. The Accounts Receivable accoumt has a zero balance on January 1. Round to the nearest dollar. 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 followina the sale. What is the balance in Accounts Receivable on March 31 ? (If an inout field is not lased. leave the inout field embiv. Do not enter a zero.] Cramer Company projects the following sales for the frrst three months of the year: $10,800 in January: $11,300 in February, and $10,400 in March. The compary expects 80% of the sales to be cash and the remainder on account. Sales on account are collected 50% in the month of the sale and $0% in the following month. The Accounts Receivable account has a zero balance on January 1. Round to the nearest dollar. Bead the requirements. Cash Receipts from Customers Cramer Company projects the following sales for the first three months of the year; $10,800 in January; $11,300 in February, and $10,400 in March. The company expocts 80% of the sales to be cash and the remainder on accourt. Sales on account are collected 50% in the month of the sale and 50% in the following month. The Accounts Receivable accoumt has a zero balance on January 1. Round to the nearest dollar. 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 followina the sale. What is the balance in Accounts Receivable on March 31 ? (If an inout field is not lased. leave the inout field embiv. Do not enter a zero.]