Question: below table [ [ Riviles Gaspery Solenes Statert ] , [ ] , [ , ] , [ , 5 Bl , the ]
below
tableRiviles Gaspery Solenes Statert Bl thePinistierysus, heMeter antuly,IIP,Mabilities ent Stemeleters' Equity, me meSto perseis, mp MisCovern stises,it meseAgtaluat evering,Havaes mes NieThe sompany is in the plisess,the April accounts recelvable will be collected in May
b Purchases of invertary are expected se sotal $ during May. These purchases will all be on accourte. Forty percestle of all purchases are paid for in the month of purchase, the remainder are paid in the following month All of the April accourts payulte to suppliers will be paid during May.
c The May imentory bulance is budgeted at $ cash Depreciation is budgeted at $ for the month.
The note payable on the Aprl balance sheet will be paid during May, with $ in interest. All of the interest relates to May f New refigerating equipment conting $ will be purchased for cash during May. note will be due in one prese
Required:
For May
I Calculate the expected cosh colfectors foom cussomers
Calculate the expersed can ditionsments for merchandise parchases
Repaie a cash buslyet
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