Answer Happy

Dora Distribution has projected the following quarterly sales. The accounts receivable at the beginning of the year is $1,030 and the collection period is 60 days. What are collections for the first quarter? Sales Q1 $ 1,705 Q2 $ 1,765 Q3 $ 2,115 Q4 $ 2,135

O O $1,882.50 $1,705.00 $852.50 $1,598.33 $1,745.00