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Elwood Company projects the following sales for the first three months of the year: $11,200...

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Accounting

Elwood Company projects the following sales for the first three months of the year: $11,200 in Jace account has a zero balance on January account are collected 50
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Requirements
Prepare a schedule of cash receipts for Elwoo February, and March. What is the balance in A 31?
Prepare a revised schedule of cash receipts i are 60% in the month of the sale, 10% in the 30% in the second month following the sale. Receivable on March 31?
Accounts Receivable balance, March 31:
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