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1. King Fisher Aviation has projected the following quarterly sales amounts for the coming year: Quarter 1 $750 Quarter 2 $820 Quarter 3 $790 Quarter

1. King Fisher Aviation has projected the following quarterly sales amounts for the coming year:

Quarter 1 $750

Quarter 2 $820

Quarter 3 $790

Quarter 4 $950

Accounts Receivable at the beginning of the year are $350. King Fisher has a 30 day collection period. Calculate the cash collections in each of the four quarters by completing the following for each quarter.

Beginning receivables

Sales

Cash Collections

Ending Receivables

I need to fill out the following spread sheet for the 30 day collection period

a. 30 -day collection period
Q1 Q2 Q3 Q4
Beginning receivables
Sales
Cash collections
Ending receivables

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