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5 . Calculating Cash Collections The Morning Jolt Coffee Company has projected the following quarterly sales amounts for the coming year: Sales Q 1 $

5. Calculating Cash Collections The Morning Jolt Coffee Company has projected the following quarterly sales amounts for the coming year:
Sales
Q1
$750
Q2
$810
Q3
$890
Q4
$980
a. Accounts receivable at the beginning of the year are $335. The company has a 45-day collection period. Calculate cash collections in each of the four quarters by completing the following:
01
02
03
Q4
Beginning receivables
Sales
Cash collections
Ending receivables
b Rework part (a) assuming a collection period of 60 days.
c Rework part (a) assuming a collection period of 30 days.
use excel to solve this please

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