Complete Exercise 9-24 and fill in the blanks below:

Remember to enter numeric amounts without a $ or , (a comma). If the answer is $20,000.00, then enter the number as 20000. Remember to round to 2 decimal places. For numbers such as 1.456, round up to 1.46 and for numbers such as 1.452, round down to 1.45

Credit sales for January are $ ______

Credit sales for February are $ _______

Credit sales for March are $ ________

Credit sales for April are $ ________

Cash receipts for March are $ ________

Cash receipts for April are $ _________.

OBJECTIVE 3 Exercise 9-24 Accounts Receivable Aging Schedule and Cash Budget Bayco Wholesale Inc. found that about 45 percent of its sales are for cash. Bayco Wholesale has the following accounts receivable payment experience: Percent paid in the month of sale 20 Percent paid in the month after the sale 76 Percent paid in the second month after the sale 3 Bayco Wholesales anticipated sales for the next few months are as follows: December $375,000 January 340,000 February 318,000 March 325,000 April 332,000 Required: 1. Calculate credit sales for January, February, March, and April. 2. Prepare a schedule of cash receipts for March and April