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Current Attempt in Progress Green Landscaping Inc. is preparing its budget for the first quarter of 2020. The next step in the budgeting process is to prepare a cash receipts schedule and a cash payments schedule. To that end the following information has been collected. Clients usually pay 60% of their fee in the month that service is performed. 30% the month after, and 10% the second month after receiving service. Actual service revenue for 2019 and expected service revenues for 2020 are November 2019 $91.260; December 2019.581.190; January 2020, $101,850; February 2020. $121,880; and March 2020, 5132.290. Purchases of landscaping supplies (direct materials) are paid 60% in the month of purchase and 40% the following month. Actual purchases for 2019 and expected purchases for 2020 are December 2019, $15,330; January 2020, $16,880; February 2020. $16,250; and March 2020, $20,310. (a) Prepare the following schedules for each month in the first quarter of 2020 and for the quarter in total: (1) Expected collections from clients. GREEN LANDSCAPING INC. Schedule of Expected Collections From Clients January February March Quarter November $ $ $ December January February March Total collections $ $ Expected payments for landscaping supplies. (2) Expected payments for landscaping supplies. GREEN LANDSCAPING INC. Schedule of Expected Payments for Landscaping Supplies January February March Quarter December $ $ $ January February March Total payments $ $ $ (b) (2) Expected payments for landscaping supplies. GREEN LANDSCAPING INC. Schedule of Expected Payments for Landscaping Supplies January February March Quarter December $ $ $ January February March Total payments $ $ $ (b) (b) Determine the following balances at March 31, 2020: (1) Accounts receivable $ (2) Accounts payable $

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