• Do NOT round calculations, ONLY round final answer for each individual required in a problem
• Use rounded answers for subsequent questions for same problem
• Dollar amount - round to nearest penny
• % to two decimal places
• round units to the next unit

(8 Questions, 10 Marks) Kendall Ltd. developed the following data for the month of May. Cash balance, May 1st $ 30,750 Cash sales in May 150,000 Credit sales for the month of: March 100,000 April 75,000 May 125,000 Purchases for the month of: April 112,500 May 100,000 Other expenses in May: Salaries 81,250 Utilities 8,250 Depreciation 25,000 70% of credit sales are collected in the month of sale, 15% in the following month, and 10% in the second month following the sale. 25% of purchases are paid in the month of purchase and the remaining 75% in the following month. 100% of other expenses are paid in the month recorded. 17 Question 1 (2 points) Calculate the anticipated cash receipts from accounts receivable in the month of May. A Question 1 (2 points) Calculate the anticipated cash receipts from accounts receivable in the month of May. A/ Question 2 (2 points) Calculate the anticipated total cash available from all sources in the month of May. Question 3 (2 points) Calculate the anticipated cash payments for purchases in the month of May. A Question 4 (1 point) Calculate the anticipated cash payments for other expenses in the month of May. Question 5 (3 points) Calculate the anticipated cash balance at the end of the month of May. A/