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Please , I need help with this exercise step by step . thanks 4. Jackson Company has the following sales projections for the coming months:

Please , I need help with this exercise step by step . thanks image text in transcribed
4. Jackson Company has the following sales projections for the coming months: Month January February March April May June Sales $60,000 68,000 75,000 80,000 95,000 90,000 Jackson's collects 20% of its sales in the month of sale, 45% in the month following the sale, and 35% in the second month following the sale. Required: A. Prepare a schedule of cash receipts for the three months April through June. B. What would be the accounts receivable balance on June 30

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