Help with Accounting Homework.. CHapter 9 in Textbook Managerial Accounting by Tietz

Sheet Medical Supply has applied for a loan. Midwest's Commerce Bank has requested a budgeted balance sheet as of April 30, and a EEB (Click the icon to view the information.) Read the requirements. Requirement 1. Show separate computations for cash, inventory, and owners' equity balances. Begin by calculating the cash balance. Cash Beginning balance $ 40,500 Cash inflows: Cash sales Collections Cash outflows: 60,200 42,300 Payment of March liabilities Cash purchases Payments for April (credit) purchases Purchase of equipment Operating expenses Ending balance