Question: Q1 - 200 units Q2 - 260 units Q3 - 330 units Q4 - 300 units All sales are on account, and each unit sells

Q1 - 200 units Q2 - 260 units Q3 - 330 units Q4 - 300 units All sales are on account, and each unit sells for $35. Johnson Company collects 90% of sales in the quarter of the sale and 10% in the following quarter. At January 1, 2021, the balance in Accounts Receivable is $950. What are expected cash collections in Q1 of 2021? A. $6,300 B. $7,250 C. $5,350 D. $7,000

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