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The managerial accountant at Portsmouth Manufacturing reported the following information: Required Compute the total collections for each quarter in the schedule for cash collection. Quarter

The managerial accountant at Portsmouth Manufacturing reported the following information: Required Compute the total collections for each quarter in the schedule for cash collection.

Quarter 1 Quarter 2 Quarter 3 Quarter 4
Accounts Receivable balance on 1/1/13 $1,750,000
From first quarter 2013 sales $1,750,000 $1,900,000
From second quarter 2013 sales 9,000,000 $2,200,000
From third quarter 2013 sales 8,500,000 $2,100,000
From fourth quarter 2013 sales 6,700,000

Compute the total collections for each quarter in the schedule for cash collection.

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