A.

Informations

Collection for the month 70%

Collection in the following month 20%
Collection for second month 9%

Manteo Corporation
Cash Receipts from Accounts Receivable
For the onth of May 2019

Sales: ₱ 66,000.00

Collection for the month ₱ 46,200.00

Collection in the following month ₱ 15,600.00

Collection from the second month ₱ 5,400.00
Cash Receipts from Accounts Receivable ₱ 67,200.00

B. Informations

Discount on Purchase Paid 2%

Manteo Corporation
Cash Disbursement on Accounts Payable
For the month of May 2019

Purchases 60,000.00
 Payment made for the following mnth 54,000.00
Discount 0.98
Expected Cash Disbursement 52,920.00
Expense 14,400.00
Cash disbursement on AP on May 67,320.00

Manteo Corporation
Cash Balance
For the month of May 31, 2019

Beg. Cash Bal.

Cash Receipts on Accounts Receivables
Less: Cash Disbursement on AP
Expense
Cash, ending
 Month Purchses Sales
Jan. 42,000.00 72,000.00
Feb. 48,000.00 66,000.00
March 36,000.00 60,000.00
April 54,000.00 78,000.00

o Corporation
om Accounts Receivable
nth of May 2019

o Corporation
nt on Accounts Payable
onth of May 2019
o Corporation

th of May 31, 2019

22,000.00
67,200.00
52,920.00
14,400.00 67,320.00
21,880.00