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    Expected Cash Collections and Disbursements for Ashton Co

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    Given the attached information for Ashton Company, prepare three schedules:

    1. Forecasted Cash Collections for December

    2. Forecasted Cash Disbursements for merchandise for December

    3. A cash budget for December

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    Solution Preview

    See Excel for a more readable format. Please check my numbers too because the grey background of the problem made two of the amounts hard to read.

    Ashton Company

    Expected Cash collections for December

    October sales at ...

    Solution Summary

    The solution includes three schedules in good form to demonstrate how to arrive at forecasted cash collection, disbursements and a cash budget for December for Ashton Company.