laynard Company projects the following sales for the first three months of the year: $ in January; $ in February; and $ in March. The company expects of the sales to be cash nd the remainder on account. Sales on account are collected in the month of the sale and in the following month. The Accounts Receivable account has a zero balance on January Round to ee nearest dollar.
Read the equirements.
Requirement Prepare a schedule of cash receipts for Maynard for January, February, and March. What is the balance in Accounts Receivable on March If an input field is not used, leave the input ield empty. Do not enter a zero.
Cash Receipts from Customers
tableTotal salesCash Receipts from Customers:Accounts Receivable balance, January JanuaryCash salesJanuaryCredit sales, collection of January sales in JanuaryJanuaryCredit sales, collection of January sales in FebruaryFebruaryCash salesFebruaryCredit sales, collection of February sales in FebruaryFebruaryCredit sales, collection of February sales in MarchMarchCash salesMarchCredit sales, collection of March sales in MarchTotal cash receipts from customers
