Do you anticipate any future problems for the shemer company

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Reference no: EM131876174

a. Prepare the following January report for the Shemer Company:

I S

Cash

 

Inv

 

AR

 

Sales

COGS

BB

Collections

Payments

EB

1,000

BB

Production

Shipments

EB

500

BB

Sales

Collections

EB

750

NI

 

 

 

 

 

 

 

The books at the end of January show:
January 31: Cash, $1,250: inventory, $500; receivables, $750.

b. Do you anticipate any future problems for the Shemer Company? What do you need to do in order to verify your conjecture?

Reference no: EM131876174

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