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Please help with the 2nd Requirement. Requirement 2 Prepare a revised schedule of cash receipts receipts om sales on account are 60% n the the
Please help with the 2nd Requirement.
Requirement 2 Prepare a revised schedule of cash receipts receipts om sales on account are 60% n the the second month following the sale. What is the balance in Accounts Receivable on March 31? (Leave unused and zero balance account cell month of the sale, 10% in the month following the sale, and 30% in s blank, do not enter "0".) Cash Receipts from Customers January February March Total Total sales January FebruaryMarchTotal 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 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 Total cash receipts from customers Accounts Receivable balance, March 31: Credit sales, collection in April and May Enter any number in the edit fields and then click CheckStep by Step Solution
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