An account for each supplier of merchandise will appear in the ...

[Cooldude101]

An account for each supplier of merchandise will appear in the accounts payable subsidiary ledger.
 a. True
  b. False
 
   Indicate whether the statement is true or false

Question 2

How much cash will be collected from customers in March?
 
  The following information pertains to Hepburn Company:
 
   Month Sales Purchases
   January 60,000 32,000
   February 80,000 40,000
   March 100,000 56,000
 
    Cash is collected from customers in the following manner:
   Month of sale 30
   Month following the sale 70
    40 of purchases are paid for in cash in the month of purchase, and the balance is paid the following month.
    Labor costs are 20 of sales. Other operating costs are 30,000 per month (including 8,000 of depreciation). Both of these are paid in the month incurred.
    The cash balance on March 1 is 8,000. A minimum cash balance of 6,000 is required at the end of the month. Money can be borrowed in multiples of 1,000.
 
  A) 94,000
  B) 86,000
  C) 100,000
  D) 110,000

[kalskdjl1212]

Answer to Question 1

True

Answer to Question 2

Answer: B

[Cooldude101]

Thank you

[kalskdjl1212]

Happy to help you