The following budgeted May 2013 cash information is available for

The following budgeted May 2013 cash information is available for Salado Corp.:
Net after-tax income .............. $ 336,000
Depreciation expense .............. 56,200
Accrued income tax expense ............ 82,000
Increase in Accounts Receivable for month .... 8,000
Decrease in Accounts Payable for month ..... 7,000
Estimated bad debts expense ........... 4,100
Dividends declared in May ........... 35,000
Dividends paid in May ............ 47,000
If Salado’s May 1, 2013, cash balance is $ 23,000, what is the company’s budgeted May 31, 2013, cash balance?

Accounts Payable
Accounts payable (AP) are bills to be paid as part of the normal course of business.This is a standard accounting term, one of the most common liabilities, which normally appears in the balance sheet listing of liabilities. Businesses receive...
Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that...

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