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D. Tomlinson Retail seeks your assistance to develop cash and other budget information for May, June, and July. At April 30, the company had cash of $5,500; accounts receivable of $437,000; inventories of $309,400; and accounts payable of $133,055. Sales: Each month?s sales are billed on the last day of the month. Customers are allowed a 3% discount if payment is made within 10 days after the billing date. Receivables are recorded in the accounts at their gross amounts. 60% of the billings are collected within the discount period; 25% are collected by the end of the month; 9% are collected by the end of the second month; and 6% turn out to be uncollectible. Purchases: 54% of all purchases of material and selling, general, and administrative expenses are paid in the month purchases and the remainder in the following month The number of units in each month?s ending inventory is equal to 130% of the next month?s units of sales. The cost of each unit of inventory is $20. Selling, general, and administrative cost, of which $2,000 is depreciated, are equal to 15% of the current month?s sales. Actual and projected sales are shown as follows: Dollars Units March 354,000 11,800 April 363,000 12,100 May 357,000 11,900 June 342,000 11,400 July 360,000 12,000 August 366,000 12,200

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emissionwiz
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SOURCE: The following unadjusted trial balance

please clarify what the question is here?

Posted on Jul 15, 2010

emissionwiz
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this is an accounting problem, u have the wrong wweb site

Posted on Jul 15, 2010

taran_2005
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SOURCE: I have an Accounting problem I

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http://rapidshare.com/files/407376727/2009-08-24_110929_Taran.xls

Let me know,if needed further assistance.

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Posted on Jul 17, 2010

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SOURCE: The following unadjusted trial balance

Where is the technical motherboard problem here ?

Posted on Jul 17, 2010

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