Stella Distribution has projected the following quarterly sales. The accounts receivable at the beginning of the year is $1,020 and the collection period is 60 days. What are collections for the first quarter? Sales Q1 $1,685 Multiple Choice $1,731.67 $1,581.67 Q2 Q3 $ 1,755 $ 2,095 Q4 $ 2,125

Stella Distribution has projected the following quarterly sales. The accounts recelvable at the beginning of the year is $1,020 and the collection period is 60 days. What are collections for the first quarter? Multiple Choice $1.731.67 $1,581.67