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The Cryer Company has projected the following quarterly sales amounts for the coming year: Q1 $7,890 Q2 $9,690 Q3 $9,090 Q4 $7,590 Required: (a) Accounts

The Cryer Company has projected the following quarterly sales amounts for the coming year:

Q1 $7,890

Q2 $9,690

Q3 $9,090

Q4 $7,590

Required:
(a)

Accounts receivable at the beginning of the year are $3,690. 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. Round your answers to the nearest whole dollar amount (e.g., 32)):

Q1 Q2 Q3 Q4
Beginning receivables _____$ _____$ ____$ _____$
Sales 7,890 9,690 9,090 7,590
Cash collections
Ending receivables _____$ _____$ ____$ ____$

(b)

Accounts receivable at the beginning of the year are $3,690. The company has a 60-day collection period. Calculate cash collections in each of the four quarters by completing the following (Round your answers to the nearest whole dollar amount (e.g., 32)):

Q1 Q2 Q3 Q4
Beginning receivables _____$ ____$ _____$ ___$
Sales 7,890 9,690 9,090 7,590
Cash collections
Ending receivables ____$ ____$ ____$ ____$

(c)

Accounts receivable at the beginning of the year are $3,690. The company has a 30-day collection period. Calculate cash collections in each of the four quarters by completing the following (Round your answers to the nearest whole dollar amount (e.g., 32)):

Q1 Q2 Q3 Q4
Beginning receivables ____$ ____$ _____$ ____$
Sales 7,890 9,690 9,090 7,590
Cash collections
Ending receivables ____$ _____$ ____$ ____$

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