Solve all requirements

Marcel Company projects the following sales for the first three months of the year: $10,800 in January, Sl 1 ,300 in February; and Sl 1 , 100 in Merctm The company expects 60% of the sales to be cash end the remainder on account Sales on account are collected 50% in the month of the sale and in the following montm The Accounts Receivable account has a zero balance on January 1 _ Round to the nearest dollar. Read the quirements Requirement 1. Prepare a schedule of cash receipts for Marcel for January, February, and Merch 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 Total sales Cash Receipts from Customers: Accounts Receivable balance, January 1 JanuaryCash sales JanuaryCredit sales, collection of January sales in January JanuaryCredit sales, collection of January sales in February bruaryCash sales FebruaryCredit sales, collection of February sales in February bruaryCredit sales, collection of February sales in March MarchCash sales MarchCredit sales, collection of March sales in March Total cash receipts from customers Accounts Receivable balance, March 31: MarchCredit sales, collection of March sales in April January January February February March March Total Total Requirements . Prepare a schedule of cash receipts for Marcel for January, February, end March. What is the balance in Accounts Receivable on Merch 31? Prepare a revised schedule of cash receipts if receipts from sales on account are 60% in the month otthe sale, 35% in the month following the sale, and 5% in the second month following the sale Whet is the balance in Accounts Receivable on March 31? print Done