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b . The budgeted merchandise purchases. c . The budgeted cash disbursements for merchandise purchases. d . Net operating income. e . An end -
b The budgeted merchandise purchases.
c The budgeted cash disbursements for merchandise purchases.
d Net operating income.
e An endofmonth budgeted balance sheet.
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Prepare a budgeted balance sheet at October Assume that of a month's credit sales are collected in the month the
sales are made and the remaining is collected in the following month, the ending merchandise inventory is always
of the following month's cost of goods sold, and of all purchases are paid for in the month of purchase and
are paid for in the following month.
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