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A company has projected the following quarter sales amounts for the coming year: Q1 Q2 Q3 Q4 Sales ($) 790 740 870 950 Accoucnt receivable
A company has projected the following quarter sales amounts for the coming year:
Q1 | Q2 | Q3 | Q4 | |
Sales ($) | 790 | 740 | 870 | 950 |
Accoucnt receivable at the beginning of the year are $360. If the company has a 60-day collection period, please complete the following table:
Q1 | Q2 | Q3 | Q4 | |
Beginning receivables | ||||
Cash collections |
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