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Business · Accounting
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A) Need help with this chart

B) Find March credit sales, collection of March sales in AprilAccounts Receivable balance, March 31: March-Credit sales, collection of March sales in AprilMarcel Company projects the following sales for the first three months of the year: $12,600 in January: $10,200 in February; and $11,100 in March. The company expects 70% of the sales to be cash and the remainder on account. Sales on account are collected 50% in the month of the sale and 50% in the following month. The Accounts Receivable account has a zero balance on January 1, Round to the nearest dollar. Read the requirements January February March Total Total sales JanuaryFebruary March Total Cash Receipts from Customers Requirements s Receivable balance, January 1 January-Cash sales January-Credit sales, collection of January sales in January January-Credit sales, collection of January sales in February 1. Prepare a schedule of cash receipts for Marcel for January, February, and March. What is the balance in Accounts Receivable on March 31? 2. Prepare a revised schedule of cash receipts if receipts from sales on account are 60% in the month of the sale, 30% in the month following the sale, and 10% in the second month following the sale. What is the balance in Accounts Receivable on March 31? sales FebruaryCredit sales, collection of February sales in February ebruary-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 Print Done

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