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TB MC Qu. 20-122 (Algo) Walter Enterprises expects... Walter Enterprises expects its September sales to...

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TB MC Qu. 20-122 (Algo) Walter Enterprises expects... Walter Enterprises expects its September sales to be 20% higher than its August sales of $22,5,000. Purchases were $175,000 in August and are expected to be $195,000 in September. All sales are on credit and are collected as follows: 30% in the month of the sole ond 70% in the following month. All merchandise purchases are on credit and are paid as follows: 20% in the month of purchase and 80% in the following month. The beginning cash balance on September 1 is $8,400. The ending cash balance on September 30 would be: Multiple Choice $25,900 383,400 . $59500 $67900

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