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Assure and News has credit sales of $462.400 in March $507,500 in April, and $590 200 in M. Also assume that percent of sales are
Assure and News has credit sales of $462.400 in March $507,500 in April, and $590 200 in M. Also assume that percent of sales are collected in the month of use, as percent collected in the following month and the remainderare never collected. Credit purchases are $ 224 600 in March $236700 in April and $252.700 in May Credit Durchases paldin 30 days Interesti512400 a month was and other expenses are $64.400 a month assets purchases $119.500 are scheduled for April with additional purchases of 556.00 in May. The April 1sh balance was $21060 and $100.000 must be tud on Ar 15 Required Determine the cash balance at the end of Mayby preparing cash tudet. Be sure to show your work Assure and News has credit sales of $462.400 in March $507,500 in April, and $590 200 in M. Also assume that percent of sales are collected in the month of use, as percent collected in the following month and the remainderare never collected. Credit purchases are $ 224 600 in March $236700 in April and $252.700 in May Credit Durchases paldin 30 days Interesti512400 a month was and other expenses are $64.400 a month assets purchases $119.500 are scheduled for April with additional purchases of 556.00 in May. The April 1sh balance was $21060 and $100.000 must be tud on Ar 15 Required Determine the cash balance at the end of Mayby preparing cash tudet. Be sure to show your work
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