In the upcoming year, Dorah expects the following events to occur: - Total revenues of...
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Accounting
In the upcoming year, Dorah expects the following events to occur: - Total revenues of $24,000 and total expenses of $16,030 - 100% of accounts receivable from the prior year will be collected in the following year - Credit sales will represent 41% of revenues for the year - 100% of accounts payable owing from 2019 will be paid off in 2020 - By the end of August, 2020, Barnie will owe its suppliers $3,900 - No principal payments will be made on the bank loan during 2019 - Purchase of new equipment for $1,900. The entire purchase will be financed through a bank loan - Expect to have a cash balance of $23,200 at the end of fiscal 2020 - Depreciate assets by $670 during 2020 Do not enter dollar signs or commas in the input boxes. Use the negative sign for negative values
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