Requirement 2. Prepare a revised schedule of cash receipts if receipts from sales on account are 70% in the month of the sale,10% in the month following the sale, and 20% 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		12400	14600	16300	43300
		January	February	March	Total
Cash Receipts from Customers:
Accounts Receivable balance, January 1		0
January Cash sales
JanuaryCredit sales, collection of January sales in January
JanuaryCredit 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