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Cooper Company, a retailer of camping supplies has budgeted activity for January using the following...

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Accounting

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Cooper Company, a retailer of camping supplies has budgeted activity for January using the following data: Cash sales Credit sales (61% collected in month of sale) Selling and administrative costs (including depreciation) Depreciation expense Merchandise Inventory, January 1 Merchandise Inventory, January 31 Beginning cash balance Minimum cash balance required Cost of goods sold is 57% of Cooper's selling price All purchases are paid in cash Selling and administrative costs are paid in month of purchase $24,400 399,300 45.830 4,930 22,790 21,820 2.800 2,400 Prepare a cash budget for January (Enter cash needed using either a negative sign preceding the number eg.-4,527 or parentheses es. (4,527).) 2 Prepare a cash budget for January (Enter cash needed using either a negative sign preceding the number eg. -4,527 or parentheses eg. (4,5271.) Beginning cash balance Borrowing Cash excess (needed) Cash receipts Disbursements Ending cash balance Materials purchases Selling and administrative expenses Total cash available to spend Total cash disbursements $ Save for Later Attempts: 0 of 1 used Submit

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