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Splish Landscaping Inc. is preparing its budget for the first quarter of...

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Accounting

Splish Landscaping Inc. is preparing its budget for the first quarter of 2022. The next step is to prepare a cash receipts schedule and a cash payments schedule. The following information has been collected:
Clients usually pay 50% of their fee in the month when the service is provided, 40% the next month, and 10% in the second month after receiving the service.
Prepare the following schedules for each month in the first quarter of 2022 and for the quarter in total.
(1) Schedule of expected collections from clients.
(2) Schedule of expected payments for landscaping supplies.
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