A company had a cash balance of $25,000, accounts receivable balance of $50,000 and accounts payable of $40,000.

The company makes all purchases and sales on account.

Sales Purchases

April 175,000 150,000

May 180,000 170,000

June 190,000 180,000

60% of sales is collected in the month of sale. 30% is paid in the first month after sale and 10 % is collected in the second month after sale.

50% of purchases is paid in the month of purchase. 30% Is paid in the first ,month following purchase. 20% is paid in the second month of purchase.

1. The Company's Cash collections for June are:
2. The Company's accounts receivable balance June 30 is:
3. The company's cash payments for June are:
4. The company's accounts payable balance on June 30 is:
5. The company's cash balance on June 30 is: