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Worton Distributing expects its September sales to be 25% higher than its August sales of $154,000 Purchases were $104,000 in August and are expected to
Worton Distributing expects its September sales to be 25% higher than its August sales of $154,000 Purchases were $104,000 in August and are expected to be $124.000 in September. All sales are on credit and are expected to be collected as follows: 30% in the month of the sale and 70% in the following month. Purchases are paid 25% in the month of purchase and 75% in the following month. The cash balance on September is $14,000. The ending cash balance on September 30 is estimated to be Multiple Choice $5750 $55.000 O SES
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