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The Morning Jolt Coffee Company has projected the following quarterly sales amounts for the coming year: Q1 02 Q3 04 Sales $ 750 $

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The Morning Jolt Coffee Company has projected the following quarterly sales amounts for the coming year: Q1 02 Q3 04 Sales $ 750 $ 780 $ 8401 $ 990 a. Accounts receivable at the beginning of the year are $510. The company has a 45-day collection period. Calculate cash collections in each of the four quarters by completing the following: Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. Answer is complete and correct. Q1 22 Q2 Q3 Q4 Beginning receivables Salos S 510 $ 375 $ 390 S 420 750 780 840 990 Cash collections 885 765 810. 915 Ending receivables $ 375 390 S 420 495 b. Accounts receivable at the beginning of the year are $510. The company has a 60-day collection period. Calculate cash collections in each of the four quarters by completing the following: Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. Answer is complete but not entirely correct. Q1 Q2 Q3 Q4 Beginning receivables S 510 S 250 S 260 $ 280x Sales 750 780 840 990 Cash collections 1,010 x 770 820 940 x Ending receivables S 250 x S 260 $ 280 S 330 X c. Accounts receivable at the beginning of the year are $510. The company has a 30-day collection period. Calculate cash collections in each of the four quarters by completing the following: Note: Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. Answer is complete but not entirely correct. Q1 Q2 Q3 Q4 Beginning receivables Sales S 510 $ 500 $ 520 $ 560x 750 780 840 990 Cash collections 760 760 800 890 Ending receivables $ 500 $ 520 S 560 660

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