Refer to the original data in P22-22A and the revisions presented in P22-26A. Requirements 1. Prepare the

Question:

Refer to the original data in P22-22A and the revisions presented in P22-26A.
Requirements
1. Prepare the schedule of budgeted cash collections from customers for April and May.
2. Prepare the schedule of budgeted cash payments for purchases for April and May.
3. Prepare the schedule of budgeted cash payments for operating expenses for April and May.
4. Prepare the for April and May. Assume no financing took place.

Cash Budget
A cash budget is an estimation of the cash flows for a business over a specific period of time. These cash inflows and outflows include revenues collected, expenses paid, and loans receipts and payment. Its primary purpose is to provide the...