80.2K

Verified Solution

Link Copied!

Question Help o P22-43A (similar to) roles Copy's budget corridere following information: the cow the formation) 2 Requirement there the schedule of cash receipts from comes for Jay and Feb 2018. Assume cha wa 70% in the month of the sale and 30% in the month folosing the sale Kthe Company Bespre Customers Tu Monde February, 2018 Data Table Requirements February 1. Prepare the shade of cash receipts from somers for Jury and Promo Cash $ 20.000 February 2018. Assume cash receptor 70% in the mouth of the sale and 30% in the month following the Accounts Receivable 18 000 Prepare the whole of cash payments for purchases for January and Med Inventory 24.000 February 2018. Asume purchase paid 70% in month of purchase and 20% in the month following the purcha Account 10.500 Prepare the schedule of payments and administrative Sales and commission Paytle 2.550 expenses for January and Fy 2016 Asume 40 other for Salaries and Commissions Payable for commons and for Budgeted sounds for 2018 The December 3 we will be paid in January Stare and Salon $80.000 $ 100 commissions are paid 40% in the month oured and in the following more Rent and income tax expenses we paids incurred inance Purchase an account 40500 41.00 expensis an expertion of the preparamount Commission 4.000 4206 4 Prepare the cash budget for January and February 2018. Asten trancing took Se pense 4000 2.200 En yerine and then cox Check Done Deco Espen 500 500 400 400 Dame ning Income Expo 1900 1.000 Check A

Answer & Explanation Solved by verified expert

See Answer