Problem 16-5 Calculating Cash Collections LO 3] The Jallouk Company has projected the following quarterly sales amounts for the coming year: Q1 Q2 Q3 Q4 $750 $660 $690 Sales $900 a. Accounts receivable at the beginning of the year are $420. 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.) Q2 Beginning receivables 660 690 750 Sales 900 Cash collections Ending receivables b. Accounts receivable at the beginning of the year are $420. 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.) Q2 Q3 Beginning receivables 750 Sales 660 690 900 Cash collections Ending receivables