Question: also where can I find the exercise solutions within my managerial acxounting textbook? Page 405 Exercises All applicable Exercises are available in Connect connect Exercise
Page 405 Exercises All applicable Exercises are available in Connect connect Exercise 9-21 Missing Amounts; Various types of Budgets (@LO 9-3, 9-5, 9-6) Fill in the missing amounts in the following schedules. April May June ? ? 1. Sales $80.000 $ 60,000 Cash receipts: From cash sales $ ? $ $45.000 From sales on account 34,000 Total cash receipts 2. Accounts payable, 12/31/x0 300,000 euros Purchase of goods and services on account during 20x1 1.200,000 Payments of accounts payable during 20x1 Accounts payable, 12/31/x1 400,000 3. Accounts receivable, 12/31/x0 340,000 yent Sales on account during 20x1 900,000 Collections of accounts receivable during 20x1 780,000 Accounts receivable, 12/31/x1 ? 4. Accumulated depreciation, 12/31/x0 $ 810,000 Depreciation expense during 20x1 150,000 Accumulated depreciation, 12/31/x1 ? 5. Retained carnings. 12/31/x0 $2.050,000 Net income for 20x1 400,000 Dividends paid in 20x1 -0- Retained earnings, 12/31/x1 ? Half of each month's sales are on account. March sales amounted to $60,000. '60% of credit sales is collected in the month of sale: 40% is collected in the following month. 'Yen is the Japanese national currency
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