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The following data are from the budget of Ritewell Publishers. Half the company s sales are transacted on a cash basis. The other half are
The following data are from the budget of Ritewell Publishers. Half the companys sales are transacted on a cash basis. The other half are paid for with a month delay. The company pays all of its credit purchases with a month delay. Credit purchases in January were $ and total sales in January were $
February March April
Total sales $ $ $
Cash purchases
Credit purchases
Labor and administrative purchases
Taxes, interest, and dividends
Capital expenditures
Complete the following cash budget.tableFebruary,March,AprilSources of cash,,,Collections on current sales,,,Collections on amounts receivable,,,Total sources of cash,,,Uses of cash,,,Payments of accounts payable,,,Cash purchases,,,Labor and administrative expenses,,,Capital expenditures,,,Taxes interest, and dividends,,,Total uses of cash,,,
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