Wh Question 3 of 4 > 3/3 HI! 3 Question List Question 1 Accounting Dropdown View Policies Show Attempt History Environmental Landscaping Inc is preparing its budget for the first quarter of 2020. The next step is to prepare a cash receipts schedule and a cash payments schedule. The following information has been collected: Question 2 Accounting Dropdown 1. Viewing Question Accounting Moistep 2. Clients usually pay 50% of their fee in the month when the service is provided, 40% the next month, and 10% in the second month after receiving the service. Actual service revenues for 2019 and expected service revenues for 2020 are as follows: November 2019.590.000 December 2019, 571,000; January 2020, $112,000, February 2020, $122.000 and March 2020, $129,000. The company pays for purchases of landscaping supplies (direct materials) 60% in the month of purchase and 40% the following month. Actual purchases for 2019 and expected purchases for 2020 are December 2019.314,000: January 2020. $11.000: February 2020. $15.000; and March 2020. 521.000 Question 4 Accounting Dropdown 3 Your Answer Correct Answer Determine the following balances at March 31, 2020. Accounts receivable $ 76700 $ Accounts payable 8400