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Use the below information and complete a cash forecast for the next three months. You collect 50% of credit sales in the month they occur

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Use the below information and complete a cash forecast for the next three months. You collect 50% of credit sales in the month they occur and 50% in the next month. You pay 50% of the accounts payable balance in the month it is shown and 50% in the next month. The starting cash for a month is the same as the ending cash of the prior month. Feb Jan $ March Starting Cash 5,000 Cash Sales Credit Sales $ 60,000 $ 40,000 $20,000 $ 70,000 $30,000 $ 40,000 Accounts Payable Payroll Rent $ 20,000 $50,000 $70,000 $ 20,000 $ 30,000 $ 25,000 $ 20,000 $20,000 $ 20,000 Ending Cash

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