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l 24 The Morning Jolt Coffee Company has projected the following quarterly sales amounts for the coming year. Sales Q1 Q2 Q3 04 $780 $810

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24 The Morning Jolt Coffee Company has projected the following quarterly sales amounts for the coming year. Sales Q1 Q2 Q3 04 $780 $810 $890 $970 ( 0130:9 a. Accounts receivable at the beginning of the year are $370. The company has a 45- day collection period. Calculate cash collections in each of the four quarters by completing the following (A negative answer should be indicated by a minus sign. Round your answers to 2 decimal places, e... 32.16.): Print 02 03 04 $ 01 370.00 780.00 810.00 890.00 970.00 Beginning receivables Sales Cash collections Ending receivables b. Recalculate the cash collections with a collection period of 60 days. (A negative answer should be indicated by a minus sign. Round your answers to 2 decimal places, e.g., 32.16.) Q2 Q3 X 01:30:04 370.00 780.00 810.00 890.00 970.00 Beginning receivables Sales Cash collections Ending receivables Print c. Recalculate the cash collections with a collection period of 30 days. (A negative answer should be indicated by a minus sign. Round your answers to 2 decimal places, e.g., 32.16.) Q2 370.00 780.00 810.00 890.00 0.00 970 00 Beginning receivables Sales Cash collections Ending receivables

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