Chapter 1, Problem 13.2EC

Please provide the accurate answer to this general accounting problem using valid techniques.

Accurate answer

Please give me answer with accounting

Can you help me solve this financial accounting problem using the correct accounting process?

Please show me the valid approach to solving this financial accounting problem with correct methods.

Can you explain the correct methodology to solve this general accounting problem?

Obama Enterprises had a beginning inventory of $32,000. During the year, the company recorded inventory purchases of $67,000 and a cost of goods sold of $63,000. What is the ending inventory? a. $28,000 b. $27,000 c. $24,000 d. $36,000

Auburn Inc. is preparing its cash budget for the month of September. The company estimated credit sales for September at $300,000. Actual credit sales for August were $210,000. Estimated collections in September for credit sales in September are 30%. Estimated collections in September for credit sales in August are 55%. Estimated collections in September for credit sales prior to August are $18,000. Estimated write-offs in September for uncollectible credit sales are $12,000. The estimated provision for bad debts in September for credit sales in September is $10,000. What are the estimated cash receipts from accounts receivable collections in September?

Can you solve this general accounting question with accurate accounting calculations?