Complete a 3-month cash flow statement. All Sales Invoices are collected when sent. There is no outstanding
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Complete a 3-month cash flow statement. All Sales Invoices are collected when sent. There is no outstanding Accounts Receivable
Cash in the bank on 6.30.22 was $300,000.
Monthly Campaign expenses are 50% of sales
| July Sales | 150,000.00 |
| August Sales | 50,000.00 |
| September Sales | 80,000.00 |
| Depreciation | 5,000.00 |
| Commissions Payable @10.1 | 2,000.00 |
| Commissions Payable @7.1 | 1,000.00 |
| Monthly Expenses | |
| Payroll | 25,000.00 |
| Payroll Taxes | 1,912.50 |
| Rent - per month | 1,500.00 |
| Benefits | 850.00 |
| Consulting Fees | 250.00 |
| Accounting Fees | 550.00 |
| Software Fees | 2,100.00 |
| Telephone | 55.00 |
Expert Answer:
Related Book For 
College Accounting Chapters 1-30
ISBN: 978-0077862398
14th edition
Authors: John Price, M. David Haddock, Michael Farina
Posted Date:
