E22A-35 (similar to) Question Help Agua Clean is a distributor of bottled water. For cach of the items, compute the amount of cash receipts or payments Agua Clean will budget for September. The solution to one item may depend on the answer to an carlier item. (Round your answers to the nearest whole dollar i(Click the icon to view the items.) a. Management expects f sell equipment that cost $14.000 at a gain of $9.000 Accumulated depreciation on this equipment is $8.000. 17,000 The amount of cash receipts the company will budget for the sale of the equipment is $ a. b. Management expects to sell 7.800 cases of water in August and 9.800 cases in September, Each case sells for $17, Cash sales average 10 % of total sales, and credit sales make up the rest Three-fourths of credit sales are collected in the month of sale, with the balance collected the following month. b. The amount of cash receipts the company will budget for the collection 52360 sale revenue is $ More Info a. Management expects to sell equipment that cost $14,000 at a gain of $9.000 Accumulated depreciation on this equipment is $6,000 qust and 9.800 cases September Fach case sells for $17 Cash sales average 10 % of total sales and credit sales make the month of sale, with the balance collected the following month. o the rest. Three-fourths of credit sales are collected in Commissions and other selling expenses average 10 % of sales Agua Clean pays one-half of commissions and other selling expenses in the month incurred, with the balance paid the following month. Print Done Enter any number in the edit fields and then click Check Answer. Clear All Final Check remaining