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John's supply is preparing its cash budgets for the first two months of the upcoming year Here is the information about the company's upcoming cash receipts and cash disbursements Click the icon to view the information) Requirements 1. Prepare schedules of (a) budgeted cash collections, (b) budgeted cash payments for purchases, and (c) budgeted cash payments for operating expenses Show totals for each month and totals for January and February combined. 2. Prepare a combined cash budget If no financing activity takes place, what is the budgeted cash balance on February 28? Requirement la. Prepare a schedule of budgeted cash collections for January and February. Show totals for each month and totals for January and February combined John's Restaurant Supply Cash Collections Budget For the Months Ended January 31 and February 28 February January Total Cash sales Collection on credit sales Total cash collections b. Prepare a schedule of budgeted cash payments for purchases for January and February. Show totals for each month and totals for January and February combined John's Restaurant Supply Cash Payments for Material Purchases Budget For the Months Ended January 31 and February 28 January February Total 25% of current month DM purchases 75% of last month's DM purchases Total cash payments c. Prepare a schedule of budgeted cash payments for operating expenses for January and February show totals for each month and totals for January and February combined. (f a box is not used in the table leave the box empty; do not enter a zero. Round all amounts to the nearest dollar) John Restaurant Supply Enter any number in the artit

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