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Exercise 9-23 Missing Amounts; Various Types of Budgets (LO 9-3, 9-5, 9-6) Fill in the missing amounts in the following schedules. July $ 278,000 S
Exercise 9-23 Missing Amounts; Various Types of Budgets (LO 9-3, 9-5, 9-6) Fill in the missing amounts in the following schedules. July $ 278,000 S 208,500 gust September Sales Cash receipts: S 157,800 From cash sales From sales on accountt Total cash receipts 114,675 1. *Half of each month's sales are on account. June sales amounted to $208,500. t 70% of credit sales is collected in the month of sale: 30% is collected in the following month Accounts payable, 12/31/x0 Purchase of goods and services on account during 20x1 Payments of accounts payable during 20x1 Accounts payable, 12/31/x1 657,000 2. 876,000 t The Euro () is used in most European markets. Accounts receivable, 12/31/x0 Sales on account during 20x1 Collections of accounts receivable during 20x1 1,890,000S 4,728,000 4,052,000) 3. Accounts receivable, 12/31/x1 The Yen is the Japanese national currency. The Chinese national currency is denominated in Yuan, which shares the same symbol Accumulated depreciation, 12/31/x0 Depreciation expense during 20x1 Accumulated depreciation, 12/31/x1 424,000 84,500 4. Retained earnings, 12/31/x0$1,550,800 Net income for 20x1 Dividends paid in 20x1 305,700 0 iarmings. 12/311
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