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Would someone help me with an accounting question. Prepare a Cash Budget for May... The following information for the month of may has been provided
Would someone help me with an accounting question. Prepare a Cash Budget for May...
The following information for the month of may has been provided for Bowser company.
May 1 cash balance 29,000
cash collections anticipated in may 37,000
Expected may cash expenditures for operating expenses 13,200
Inventory purcashes to be paid in may 26,300
cash dividends declared in may and to be paid in june 7,500
May depreciation expense 5,200
production equipment purcahse 50% of which will be paid in may and balance paid in june 40,000
Thanks a lot
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