Chapter 8, Problem 12E

To determine

(1)

The value of the collection in the month of July, August, September and October.

Introduction:

Budget is the evaluation of the revenue and the expense which is expected incur in the specified period.

To determine

(2)

a.

the value of the merchandise purchase for the quarter ended September.

Introduction:

Budget is the evaluation of the revenue and the expense which is expected incur in the specified period.

To determine

(b)

The value of the merchandise purchases.

Introduction:

Budget is the evaluation of the revenue and the expense which is expected incur in the specified period.

To determine

(3)

To prepare:

Income statement of the company.

Introduction:

Budget is the evaluation of the revenue and the expense which is expected incur in the specified period.

To determine

(4)

To Prepare:

Balance sheet of the company.

Introduction:

Budget is the evaluation of the revenue and the expense which is expected incur in the specified period.