please help me solvd this Company A is a Merchandising...

60.1K

Verified Solution

Question

Accounting

please help me solvd this
image
Company A is a Merchandising Company Below is the Company's Balance Sheet October 31: Babce Sheet October 31 Assets Cash $ 16.000 Accounts Receivable set of allowance for colleable acco) $ 74.000 Merchandise settory 140.400 Property plantandeqanent (et of $500.000 acomiated depot SL.066.000 Total Assets IS195400 Liabilities and Stockbekers' Equity Accounts Payable Common Stock Retained Earnings Total liabilites and stockholders equity 240.000 5640000 5 416,400 51296400 ADDITIONAL INFORMATION Sales are bude ted at $360,000 for November. 5390,000 for December, and $350.000 forma Collectors are expected to be 79% in the month of sale 20% te mohlo sale and collectie a) Prepare a Schedule of Expected Cash Collections for Noremher and December Norber December Jamary Badet Sales Schedule of Espected Cash Collections November December Account Rensbin Nevesber Sales December Sales Total Cash Collection Recipe ADDIONAL INFORMATION The cost of roods sold in 65% of sales The company desires nende merchandie invlory to 60% of the coafood in the followme Prepare a Merce Parcses Buget for Newer and December Nime December Bedred Cost of Good Sold Addediyor Toledo Erment chandise Redes

Answer & Explanation Solved by verified expert
Get Answers to Unlimited Questions

Join us to gain access to millions of questions and expert answers. Enjoy exclusive benefits tailored just for you!

Membership Benefits:
  • Unlimited Question Access with detailed Answers
  • Zin AI - 3 Million Words
  • 10 Dall-E 3 Images
  • 20 Plot Generations
  • Conversation with Dialogue Memory
  • No Ads, Ever!
  • Access to Our Best AI Platform: Flex AI - Your personal assistant for all your inquiries!
Become a Member

Other questions asked by students