The Jallouk Company has projected the following quarterly sales amounts for the coming year:
|
Q1 |
Q2 |
Q3 |
Q4 |
| Sales |
$570 |
$600 |
$660 |
$810 |
|
a. Accounts receivable at the beginning of the year are $330. The company has a 45-day collection period. Calculate cash collections in each of the four quarters by completing the following: (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.)
|
Q1 |
Q2 |
Q3 |
Q4 |
| Beginning receivables |
$ |
$ |
$ |
$ |
| Sales |
570 |
600 |
660 |
810 |
| Cash collections |
|
|
|
|
| Ending receivables |
$ |
$ |
$ |
$ |
|
b. Accounts receivable at the beginning of the year are $330. The company has a 60-day collection period. Calculate cash collections in each of the four quarters by completing the following: (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.)
|
Q1 |
Q2 |
Q3 |
Q4 |
| Beginning receivables |
$ |
$ |
$ |
$ |
| Sales |
570 |
600 |
660 |
810 |
| Cash collections |
|
|
|
|
| Ending receivables |
$ |
$ |
$ |
$ |
|
c. Accounts receivable at the beginning of the year are $330. The company has a 30-day collection period. Calculate cash collections in each of the four quarters by completing the following: (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.)
|
Q1 |
Q2 |
Q3 |
Q4 |
| Beginning receivables |
$ |
$ |
$ |
$ |
| Sales |
570 |
600 |
660 |
810 |
| Cash collections |
|
|
|
|
| Ending receivables |
$ |
$ |
$ |
$ |