CourseLover

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    Devry University
    Sep-2004 - Aug-2010

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    NatSteel Holdings Pte Ltd
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Category > Accounting Posted 23 Dec 2017 My Price 10.00

Schedule of total cash collection for January

Need some assistance with this case study. I believe I did Question 1 correctly but need help with question 2 and 3.

 

qattachments_1c9f10fc81d439d171b5b0da67719b9767973a8f.xlsx 1. Schedule of total cash collection for January through March January February March Collections of accounts receivable: $40,000*12% $4,800 Collection of January sales ($140,000): 37% in January; 60% in February 51,800 $84,000 Collection of February sales ($135,000): 37% in February; 60% in March 49,950 $81,000 Collection of March sales ($160,000) 37% in March; 60% in Apr 59,200 Sale of equipment 6,500 Total cash collections $56,600 $133,950 $146,700 2. Schedule of Cash disbursements for January through March January February March Payment of accounts payable Payment of January purchases Payment of February purchases Payment of March purchases Fourth-quarter purchases Total cash disbursements 3. Cash budget for January through March January February March Beginning cash balance Total receipts Subtotal Less: Total disbursements Cash excess (deficiency) before financing Financing: Borrowing to maintain $XXXXXXXX balance Loan principal repaid Loan interest paid Loan interest paid Ending cash balance
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CourseLover
(12)
Status NEW Posted 23 Dec 2017 08:12 AM My Price 10.00

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