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1. Calculate the expected cash collections from customers for may. 2. Calculate the expected cash disbursements for merchandise purchases for may. 3. Prepare a cash
1. Calculate the expected cash collections from customers for may. 2. Calculate the expected cash disbursements for merchandise purchases for may. 3. Prepare a cash budget for may. 4. Prepare a budgeted income statement for May. 5. Prepare a budgeted balance sheet as of may 31.
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