Question 1

Question 2

PLEASE ANSWER BOTH QUESTIONS

Oriole Company is a customer service organization that is in the process of working on various components of its Cash Budget. Elizabeth, the accountant, is working on completing a Cash Disbursements 5 chedule and has decided to calculate Oriole's cash payment on Accounts Payable first. The company pays its bills in the following manner - 60% of purchases are paid in month of the purchase, 20% of purchases are paid in the month following the purchase, and the remaining 20% of purchases are paid in the second month following the purchase. It made the following purchases: March, $26000;A1 pril, $16100;May1$22200; June, $28300; and July, $20650. What will the total amount paid out by Accounts Payable for June be? $21420$24640$28300$66600 According to their records, the company is expecting to receive payments for credit sales as follows: 60% in the month of sale, 20% in the first month after the sale, 15% in the second month after the sale, and the remainder becomes uncollectible. Calculate the amount of uncollectible accounts for Blossom as a result of these credit sales for the 5 -month period. $7500$18300$10800$12150