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Lequirement 1. Prepare a schedule of cash receipts for Mason for January, February, and March. What is ve Cash Receipts from Customers January February March Total sales 12800 12300 10500 Total 35400 January February March Total Cash Receipts from Customers: 0 7580 Accounts 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 February-Cash sales 2520 2520 7380 2480 February-Credit sales collection of February sales in February February--Credit sales, collection of February sales in March Marc-Cash sales Maro-Credit sales, collection of March sales in March 2480 6300 2100 10850 Total cash roots from customers 1000 12280 33300 Accounts Receivable balance March 31 Enter any number in the edit fields and then click Check Answer 1 Pani remaining Score: 0 of 3 pts E22-26 (similar to) Mason Company projects the following sales for the first three months of the year: $12.000 in Janusy: $12.300 in February and $10.500 in March. The company expecte 60% of the sales to be cash and the remainder on scount Sales on count are collected 50% in the month of the sale and on the following month. The Accounts Receivable account has a zero balance on January Round to the nearest dollar Read the regements and per balance scount cells blank, do not enter - Requirements 1. Prepare a schedule of cash receipts for Mason 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 80% in the month of the sale, 10% in the month following the sale, and 30% in the second month following the sale. What is the balance in Accounts Receivable on March 31? Print Done