The following information is from White Mountain Furniture Showroom€™s financial records.

Collections from customers are normally 70 percent in the month of sale, 20 percent in the month following the sale, and 9 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 2 percent discount allowed on purchases paid for by the tenth of the following month. Purchases for November are budgeted at $ 150,000, and sales for November are forecasted at $ 165,000. Cash disbursements for expenses are expected to be $ 36,000 for the month of November. The company€™s cash balance on November 1 was $ 55,000.

Required:
Prepare the following schedules.
1. Expected cash collections during November.
2. Expected cash disbursements during November.
3. Expected cash balance on November 30.
(CPA,adapted)

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Month July August September October.... Sales $180,000 165,000 150,000 195,000 Purchases $105,000 120,000 90,000 135,000