aztec company 1

Textbook page 275 -Problem 7-3A Aztec Company

(750 to 1000 words, 3 references APA format, due by 11:55 pm Sunday Dec 1, 2019)

1. Prepare a table that shows the computation of cash collections of its credit sales (accounts receivable) in each of the months of June and July.

2. Prepare the merchandise purchases budget for May, June, and July. Report calculations in units and then show the dollar amount of purchases for each month.

3. Prepare a cash budget for June and July, including any loan activity and interest expense. Compute the loan balance at the end of each month.

 

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