ecure https connect.htm gle welcome to Peters, D Logn-American P, D AMU da Heath

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ecure https connect.htm gle welcome to Peters, D Logn-American P, D AMU da Heath Frs, Colorad - COLORADO PEAK Check my work mode : This shows what is correct or incorrect for the work you have com Here are some important figures from the budget of Comel, Inc, for the second quarter of 2017 Credit sales Credit purchases Cash disbursements 0 323,009 5383,000 $363,09 131,800 154,00 179,080 ages, taxes, and expenses 44, 30011,800 63,300 11,3011,30,3 83,6e0156,000 The company predicts that 5 percent of its credit sales will never be collected, 45 percent of its sales will be collected in the month of the sale, and the remaining 50 percent will be collected in the following month. Credit purchases will be paid in the month following the purchase In March 2017, credit sales were $193,000, and credit purchases were S133,000. Using this information complete the following cash budget (Do not round intermediate calculations. 26,000 A Segloning cash balance Cash receipes Cess collections froe credit sales 163350 O 400 0 tquspeent purchases

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April May June Beginning Cash Balance 126000 96250 84000 Cash Receipt Cash Collection from Credit Sales 241850 297850 314850 Total Cash Available 367850 394100 398850 Cash Disbursement Purchase 133000 131000 154000 Wages,taxes and expense 44300 11800 63300 Interest 11300 11300 11300 Equipment Purchase 83000 156000 0 Total Cash Disbursement 271600 310100 228600 Ending Cash Balance 96250 84000 170250

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