The following information is from White Mountain Furniture Showrooms financial records.

Month	Sales			Purchases
July	$	74,000		$	50,000
August		67,000			53,000
September		60,000			41,000
October		73,000			59,000

Collections from customers are normally 69 percent in the month of sale, 15 percent in the month following the sale, and 14 percent in the second month following the sale. The balance is expected to be uncollectible. All purchases are on account. Management takes full advantage of the 4 percent discount allowed on purchases paid for by the tenth of the following month. Purchases for November are budgeted at $66,000, and sales for November are forecasted at $72,000. Cash disbursements for expenses are expected to be $15,400 for the month of November. The companys cash balance on November 1 was $26,000.

Required:

1.

Prepare the schedule for expected cash collections during November.

Month	Sales	Percent	Expected Collections

2.

Prepare the schedule for expected cash disbursements during November.

October purchases to be pain in November	$
Add or Less Cash Discount? (select one)	$
Net	$
Cash disbursements for expenses	$
Total	$

3.

Prepare the schedule for expected cash balance on November 30.

Balance, Nov 1	$
Add: Expected collections Add: Expected disbursements Less: Expected collections Less: Expected disbursements	$
Add: Expected collections Add: Expected disbursements Less: Expected collections Less: Expected disbursements	$
Expected Balance	$