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The Doak Company has projected the following quarterly sales amounts for the coming year Q3 Q1 $8,100 Q2 $9,800 24 $7,600 Sales $9,200 2. Accounts
The Doak Company has projected the following quarterly sales amounts for the coming year Q3 Q1 $8,100 Q2 $9,800 24 $7,600 Sales $9,200 2. Accounts receivable at the beginning of the year are $3,700. 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 and round your answers to the nearest whole number, e.g., 32.) Q1 02 Q3 Q4 Beginning receivables Sales Cash collections Ending receivables 8.100 9,800 9 200 7.500 b. Accounts receivable at the beginning of the year are $3,700. The company has a 60- day collection period calculate cash collections in each of the four quarters by
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