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g. During May, the company will borrow$20,900 from its bank by giving a new note payable to the bank for that amount. The new note
g. During May, the company will borrow$20,900 from its bank by giving a new note payable to the bank for that amount. The new note will be due in one year. Required: cash cash 1-a. Prepare a schedule of expected collections from sales and a schedule of expected disbursements for merchandise purchases.. Minden Company Schedule of Expected Cash Collections Cash sales-May Collections on account receivable: April 30 balance May sales Total cash receipts Minden Company Schedule of Expected Cash Disbursements April 30 accounts payable balance May purchases Total cash payments
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