The Geller Company has projected the following quarterly sales amounts for the coming year Q1 $690 Q2 $720 Q3 $780 04 $930 Sales a. Accounts recelvable at the beginning of the year are $450. The company hos a 45- day collection period. Calculate cash collections in each of the four quarters by completing the following: (Do not round Intermediate calculatlons and round your answers to the nearest whole number, e.g., 32) Q1 Q2 QS G4 Boginning recelvables Sales 720 780 930 Cash collactions Ending receivables

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Financial Transaction Analysis

The transaction analysis is done with the help of the accounting equation. The basic accounting equation is alternatively known as the balance sheet equation is based on the double-entry system which says that for each transaction happening in a business, at least two accounts should be affected I.e. both the debit side and the credit side should be equal. The Accounting Equation is