On April 1, DC Company had a Cash balance of $25,000, an Accounts Receivable balance of $50,000, and an Accounts Payable balance of $40,000.

The company makes all purchases and sales on account. Purchase and sales information is presented below.

SalesPurchases

April$175,000$150,000

May$180,000$170,000

June$190,000$180,000

Sixty percent (60%) of sales is collected in the month of sale; 30% is collected in the first month after sale; and 10% is collected in the second month after sale.

Fifty percent (50%) of purchases is paid in the month of purchase; 30% is paid in the first month following purchase; and 20% is paid in the second month following purchase.

1.The company's cash collections for June are:

2.The company's accounts receivable balance on June 30 is:

3.The company's cash payments for June are:

4.The company's accounts payable balance on June 30 is:

5.The company's cash balance on June 30 is: