10. Cos & Beoz Academic EscelleC Cash Badeet 58% in the All sales are on credit and are collected 40% in the month of the sale, lowing the sale, with 2% uncollectible (but still due). Merchandise purchases are paid in full the month following the month of purchase. The monthly selling and administrative equipment reqaires e renses inchade S4,000 of depreciation expense relating to display ftures and Mamaee ll other selling and administrative costs are paid in cash in the a minimum line, eash balance o rs10,000. Any amount below this will be borrowed, using a bank credit Ine. but all bank borrowings.must be in wholnmsnts eors-0% are made at month-end. Igmore any bank interest expense charges to pg 267 asa guide, prepare a Cash Budget for the month of November only, showing all company expects to have $11,000 of cash on hand November 1st. (3 pts) details. The November 1st Beginning Cash Bal$11,000 Nete: Show your caleularions in this column Ending Cash Balance at Nov 30h b) What would be the Accounts Payable balance (relating to purchases) at 11/30 (end of November)? (1 pt) )IPT EC Bonus Question (optional)- You MUST showlabel your work for any credit When preparing a budgeted ending December 31" Balance Sheet, what would be the Accounts Receivable ending balance? Assume t