Chap 8 pr 8

Chap 8 pr 8 - October Purchases ($75,000 x 70%) x 40...

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Cash Budget For the Month Ending October 31, 20XX Beginning Cash Balance $1,980  Cash Collections: Cash Sales $10,000  Credit Sales October Sales ($65,000 x 50%) $32,500  September Sales ($90,000 x 30%) $27,000  August Sales ($80,000 x 15%) $12,000  $81,500  Cash Available $83,480  Less: Cash Disbusments Inventory Purchases:
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Unformatted text preview: October Purchases ($75,000 x 70%) x 40 $21,000 Sept. Purchases ($110,000 x 70%) x 60% $46,200 Salaries and Wages $2,000 Rent $2,700 Taxes $5,000 Advertising $500 Other operating expenses $800 Cash withdrawn by owner $4,000 $82,200 Excess (Deficit) of Cash $1,280...
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This homework help was uploaded on 04/22/2008 for the course ACC 320 taught by Professor Brucebradford during the Spring '08 term at Fairfield.

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