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

Month	Sales			Purchases
July	$	72,000		$	45,000
August		74,000			62,000
September		64,000			50,000
October		81,000			68,000

Collections from customers are normally 68 percent in the month of sale, 18 percent in the month following the sale, and 12 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 1 percent discount allowed on purchases paid for by the tenth of the following month. Purchases for November are budgeted at $68,000, and sales for November are forecasted at $74,000. Cash disbursements for expenses are expected to be $15,600 for the month of November. The companys cash balance on November 1 was $28,000.

Required:

1.

Prepare the schedule for expected cash collections during November.

WHITE MOUNTAIN FURNITURE SHOWROOM
Expected Cash Collections
November
Month	Sales	Percent		Expected Collections
July			%
August			%
September			%
Total				$0

2.

Prepare the schedule for expected cash disbursements during November.

WHITE MOUNTAIN FURNITURE SHOWROOM
Expected Cash Disbursements
November
October purchases to be paid in November
Net
Cash disbursements for expenses
Total	$0

3.

Prepare the schedule for expected cash balance on November 30.

WHITE MOUNTAIN FURNITURE SHOWROOM
Expected Cash Balance
November 30
Balance, November 1
Expected balance