Question: Credit sales Credit purchases Cash disbursements Wages, taxes, and expenses Interest Equipment purchases Uncollected credit sales Collected in the month of the sale Collected

Credit sales Credit purchases Cash disbursements Wages, taxes, and expenses Interest Equipment

purchases Uncollected credit sales Collected in the month of the sale Collected

Credit sales Credit purchases Cash disbursements Wages, taxes, and expenses Interest Equipment purchases Uncollected credit sales Collected in the month of the sale Collected in the following month Previous month credit sales Previous month credit purchases Beginning cash April $312,000 118,240 43,040 10,480 74,000 S196,ooo $134,400 $112,000 May S291,200 141,040 10,800 10,480 135,000 June S350,400 166,800 62,640 10,480

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