Assume Alaska has a credit sale of 462,400 in March 507,500 in April and 550,200 In...

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Assume Alaska has a credit sale of 462,400 in March 507,500 in April and 550,200 In May. Most of the sale. Also Assume a 64% of sale are collected in the month of sale. 35% are collected in the following month and the remainder are never collected. Credit purchases are 224,600 in March 236,700 in April and 252,700 in May. Credit purchases are paid in 30 day. Interest is 12,400 a month. wages and other expense are 64,400 a month Fix asset Purchases is 119,500 are schedule for April with additional purchase of 56,400 in May. The April first Cash balance was 321,060 and a tax of 180,000 must be paid on April 15 what is the cash balance at the end of May. Credit Sale Credit purchase Beg Cash Cash Collection Cash Availabilty Cash Purchases Interest Paid Wages and other expense Fix Assets Income Tax Ending Cash March April May Assume Alaska has a credit sale of 462,400 in March 507,500 in April and 550,200 In May. Most of the sale. Also Assume a 64% of sale are collected in the month of sale. 35% are collected in the following month and the remainder are never collected. Credit purchases are 224,600 in March 236,700 in April and 252,700 in May. Credit purchases are paid in 30 day. Interest is 12,400 a month. wages and other expense are 64,400 a month Fix asset Purchases is 119,500 are schedule for April with additional purchase of 56,400 in May. The April first Cash balance was 321,060 and a tax of 180,000 must be paid on April 15 what is the cash balance at the end of May. Credit Sale Credit purchase Beg Cash Cash Collection Cash Availabilty Cash Purchases Interest Paid Wages and other expense Fix Assets Income Tax Ending Cash March April May