Q) prepare a T- Accoount for Account Receivable, Account Payable and Inventory account; to find the cash forecast analysis.

Telnet Corporation is a newly formed computer manufacturer. Telnet plans to begin operations on January 1, Year 2, Selected financial information is available for the preparation of Telnet's six-month forecasted performance covering the period January 1 to June 30 of Year 2. $250,000 Forecasted monthly sales Monthly operating expenses ...30,500 10,000 22,500 35,000 500 . 47,500 125,000 Selling and administrative expenses... aterials. . Additional Information 45 days n/30 $100,000 ..35,000 0% 60,000 40,000 7,000 1. Collection period 2. Purchase terms 3. Ending finished goods inventory 6. Beginning cash balance 7. Minimum cash balance required 8. Prepaid expenses on June 30, Year2.. 9. No inventory is in process on June 30, Year 2. 10. Sales are made evenly throughout the period. 11. Expenses are paid in cash (unless otherwise indicated). 12. Telnet Corporation's balance sheet data on January 1, Year 2, appears as: $ Cash 60,000 Equipment.... 1,200,000 40,000 Shareholders' equity.... 1,300,000 Telnet Corporation is a newly formed computer manufacturer. Telnet plans to begin operations on January 1, Year 2, Selected financial information is available for the preparation of Telnet's six-month forecasted performance covering the period January 1 to June 30 of Year 2. $250,000 Forecasted monthly sales Monthly operating expenses ...30,500 10,000 22,500 35,000 500 . 47,500 125,000 Selling and administrative expenses... aterials. . Additional Information 45 days n/30 $100,000 ..35,000 0% 60,000 40,000 7,000 1. Collection period 2. Purchase terms 3. Ending finished goods inventory 6. Beginning cash balance 7. Minimum cash balance required 8. Prepaid expenses on June 30, Year2.. 9. No inventory is in process on June 30, Year 2. 10. Sales are made evenly throughout the period. 11. Expenses are paid in cash (unless otherwise indicated). 12. Telnet Corporation's balance sheet data on January 1, Year 2, appears as: $ Cash 60,000 Equipment.... 1,200,000 40,000 Shareholders' equity.... 1,300,000