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Hallaway Inc. developed the following data for the month of June. Cash balance, June 1st$123,000 Cash sales in June600,000 Credit sales for the month of:

Hallaway Inc. developed the following data for the month of June.

Cash balance, June 1st$123,000

Cash sales in June600,000

Credit sales for the month of:

April400,000

May300,000J

une500,000

Purchases for the month of:

May450,000

June400,000

Other expenses in June:

Salaries325,000

Utilities33,000

Depreciation100,000

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.

Question 32(2 points)

Question 32 options:

Calculate the anticipated cash receipts from accounts receivable in the month of June.

Question 33(2 points)

Question 33 options:

Calculate the anticipated total cash available from all sources in the month of June.

Question 34(2 points)

Question 34 options:

Calculate the anticipated cash payments for purchases in the month of June.

Question 35(1 point)

Question 35 options:

Calculate the anticipated cash payments for other expenses in the month of June.

Question 36(3 points)

Question 36 options:

Calculate the anticipated cash balance at the end of the month of June.

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