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Hallaway Inc. developed the following data for the month of June. $ 123,000 600,000 400,000 300,000 500,000 Cash balance, June 1st Cash sales in June
Hallaway Inc. developed the following data for the month of June. $ 123,000 600,000 400,000 300,000 500,000 Cash balance, June 1st Cash sales in June Credit sales for the month of: April May June Purchases for the month of: May June Other expenses in June: Salaries Utilities Depreciation 450,000 400,000 325,000 33,000 100,000 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 22 (2 points) Calculate the anticipated cash receipts from accounts receivable in the month of June. Question 23 (2 points) Calculate the anticipated total cash available from all sources in the month of June. A Question 24 (2 points) Calculate the anticipated cash payments for purchases in the month of June. Question 25 (1 point) Calculate the anticipated cash payments for other expenses in the month of June. Question 26 (3 points) Calculate the anticipated cash balance at the end of the month of June. A/
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