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need 4 and 5 solved Assets begin{tabular}{|l|l|r|r|} hline & Cash & & $9,000 hline & Accounts Receivable & & $48,000 hline & Inventory

need 4 and 5 solved
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Assets \begin{tabular}{|l|l|r|r|} \hline & Cash & & $9,000 \\ \hline & Accounts Receivable & & $48,000 \\ \hline & Inventory & & $12,600 \\ \hline & Buildings \& equipment (net) & & $214,100 \\ \hline & & Total Assets & $283,700 \\ \hline & & \\ \hline & & \\ \hline \end{tabular} Liabilities \& Owners' Equity Liabilities Accounts Payable Owners' Equity \begin{tabular}{|l|r|r|} \hline Capital Stock & & $190,000 \\ \hline Retained earnings & & $75,400 \\ \hline & Total liab. \& Owners' equity & $283,700 \\ \hline \end{tabular} IMPORTANT instructions! When entering your answers, make sure you format Clue \#4- Merchandise Purchases The company's gross margin percentage is 40% of sales (i.e. cost of goods sold is 60% of sales). Each month's inventory should equal 30% of the following month's cost of goods sold. Beginning inventory has been given to you. What are total required purchases for June? Clue \#5- Cash Disbursements for Purcndses Half of a month's inventory purchases are paid for in the month of purchase and half in the following month. Accounts payable for March 31 have been given to you. What are total expected cash disbursements for purchase of inventory for the month of June

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