7.4 ale The following are forecasts of sales and purchases for a company. Sales P80,000 90,000 85,000 April May June Purchases P30,000 40,000 0 dol boo 30,000 le boleo All sales are on credit. Records show that 70 percent of the customers pay the mor he sale, 20 percent pay the month after the sale, and the remaining 10 percent pay the se month after the sale. Purchases are all paid the following month at a 2 percent discount. disbursements for operating expenses in June were P5,000. nstructions: Prepare a schedule of cash receipts and disbursements for June.

7.4 ale The following are forecasts of sales and purchases for a company. Sales P80,000 90,000 85,000 April May June Purchases P30,000 40,000 0 dol boo 30,000 le boleo All sales are on credit. Records show that 70 percent of the customers pay the mor he sale, 20 percent pay the month after the sale, and the remaining 10 percent pay the se month after the sale. Purchases are all paid the following month at a 2 percent discount. disbursements for operating expenses in June were P5,000. nstructions: Prepare a schedule of cash receipts and disbursements for June.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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