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The Litzenberger Co. has projected the following quarterly sales amounts for the coming year: Q1 Q2 Q3 Q4 Sales $1,460 $1,010 $1,760 $2,070 a. Accounts

The Litzenberger Co. has projected the following quarterly sales amounts for the coming year:

Q1 Q2 Q3 Q4
Sales $1,460 $1,010 $1,760 $2,070

a. Accounts receivable at the beginning of the year are $465. Litzenberger has a 45-day collection period. Calculate cash collections in each of the four quarters by completing the following: (Amount to be deducted should be indicated with a minus sign. Omit $ sign in your response.)

Q1 Q2 Q3 Q4
Beginning receivables $ $ $ $
Sales 1,460.00 1,010.00 1,760.00 2,070.00
Cash collections
Ending receivables $ $ $ $

b. Accounts receivable at the beginning of the year are $465. Litzenberger has a 60-day collection period. Calculate cash collections in each of the four quarters by completing the following: (Amount to be deducted should be indicated with a minus sign. Round the answers to 2 decimal places. Omit $ sign in your response.)

Q1 Q2 Q3 Q4
Beginning receivables $ $ $ $
Sales 1,460.00 1,010.00 1,760.00 2,070.00
Cash collections
Ending receivables $ $ $ $

c. Accounts receivable at the beginning of the year are $465. Litzenberger has a 30-day collection period. Calculate cash collections in each of the four quarters by completing the following: (Amount to be deducted should be indicated with a minus sign. Round the answers to 2 decimal places. Omit $ sign in your response.)

Q1 Q2 Q3 Q4
Beginning receivables $ $ $ $
Sales 1,460.00 1,010.00 1,760.00 2,070.00
Cash collections
Ending receivables $ $ $ $

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