2. Notes Payable Worksheet Cash and Accounts Receivable Collections: Cash: 10% immediately Accounts Receivables: 87% within 30 days Total Cash Collections from Sales Interest Income (+) or Expense () Net Revenues Expenses or COGS: 80% of Sales Paid Immediately 40% Accounts Payable: 30 days: 60% Incomplete Administrative Expenses: 10\% of COGS Total Expenses Incomplete Net Income Incomplete Begin. Cash and Marketable Securities 60,000 Ending Cash and MS Balance 40,000 -Minimum Operating Cash (MOC) 150,000 Excess Funds ( + ) .036/12 Needed Funds (-) .06/12 
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