0 y's upcoming cash * More Info John's Restaurant Suppl receipts and cash disbur Click the icon to vie Requirements 1. Prepare schedules totals for each mon 2. Prepare a combine rating expenses. Show Requirement 1a. Prepal combined. y and February a. Sales are 70% cash and 30% credit. Credit sales are collected 30% in the month of sale and the remainder in the month after sale. Actual sales in December were $52,000. Schedules of budgeted sales for the two months of the upcoming year are as follows: Budgeted Sales Revenue January $63,000 February $67,000 b. Actual purchases of direct materials in December were $25,000. The company's purchases of direct materials in January are budgeted to be $22,000 and $27,500 in February, All purchases are paid 50% in the month of purchase and 50% the following month. c. Salaries and sales commissions are also paid half in the month earned and half the next month. Actual salaries were $9,000 in December. Budgeted salaries in January are $10,000 and February budgeted salaries are $11,600. Sales commissions each month aro 12% of that month's soles. d. Rent expense is $2,800 per month 6. Depreciation is $2,400 per month f. Estimated income tax payments are made at the end of January. The estimated tax payment is projected to be $13,000 9. The cash balance at the end of the prior year was $19.000 For Cash sales Collection on credit sale Total cash collections b. Prepare a schedule of and February combined Print Done Enter any number in the John's Restaurant 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 placo, what is the budgeted cash balance on February 287 Requirement 1a. 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 January February 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 Co Daumantene Material Durant Enter any number in the edit fields and then continue to the next question John's Restaurant 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 pripts 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. Wo financing activity takes place, what is the budgeted cash balance on February 287 b. Prepare a schedule of budgeted cash payments for purchase for January and February. Show toals 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 50% of current month DM purchases 50% of last month's DM purchases Total cash payments . 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. (We box is not used in the table leave the box empty, do not enter a zoro Round al amounts to the nearest dolar) John Restaurant Supply Cash Payments for Operating perses Budget Enter any number in the edit feids and then continue to the next question. A MacBook Air A % 5 & 7 * 8 1 0 N 4 9 O R T Y U F H J K L > B N. M V. John's Restaurant 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 pernipts 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? For the Months Ended January 31 and February 28 January February Total Variable cash operating expenses Sales commissions: December Sales commissions: January Sales commissions: February Total variable cash operating expenses Fixed cash operating expenses: Sales salaries: December Sales salaries: January Sales salarios: February Rent expense Towave Enter any number in the edit fields and then continue to the next question John's Restaurant 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 rengipts 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? Sales salaries: December Sales salaries: January Sales salaries: February Rent expense Tax expense Total fixed cash operating expenses Total cash payments for operating expenses Requirement 2. Prepare a combined cash budget for January and February. If no financing activity takes place, what is the budgeted cash balance on February 28? John's Restaurant Supply Combined Cash Budget For the Months Ended January 31 and February 28 January February 2 months Enter any number in the edit fields and then continue to the next question. John's Restaurant 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 pergipts 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? John's Restaurant Supply Combined Cash Budget For the Months Ended January 31 and February 28 January February 2 months Beginning cash balance Plus: Cash collections from customers Total cash available Less cash payments: Direct materials purchases Operating expenses Total cash payments Ending cash balance Enter any number in the edit fields and then continue to the next question W>= A John's Restaurant 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 1a. Prepare a schedule of budgeted cash collections for January and February. Show totals for each month and totals for January and February combined. F John's Restaurant Supply Cash Collections Budget For the Months Ended January 31 and February 28 January February Total 2 Cash sales G 1 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 7 Demandes han Enter any number in the edit fields and then continue to the next question 0.20 S Ty's upcoming More Info hn's Restaurant Suppl Seipts and cash disbur (Click the icon to vie requirements Prepare schedules totals for each mon 2. Prepare a combine rating expenses Requirement 1a. Prepa combined y and February a. Sales are 70% cash and 30% credit. Credit sales are collected 30% in the month of sale and the remainder in the month after sale. Actual sales in December were $52,000. Schedules of budgeted sales for the two months of the upcoming year are as follows: Budgeted Sales Revenue January $63,000 February $67,000 b. Actual purchases of direct materials in December were $25,000. The company's purchases of direct materials in January are budgeted to be $22,000 and $27,500 in February. All purchases are paid 50% in the month of purchase and 50% the following month. c. Salaries and sales commissions are also paid half in the month earned and half the next month. Actual salaries were $9,000 in December. Budgeted salaries in January are $10,000 and February budgeted salaries are $11,500. Sales commissions each month are 12% of that month's sales. d. Rent expense is $2,800 per month e. Depreciation is $2,400 per month f. Estimated income tax payments are made at the end of January. The estimated tax payment is projected to be $13,000 9. The cash balance at the end of the prior year was $19,000. For Cash sales Collection on credit sale Total cash collections b. Prepare a schedule of and February combin Print Done Enter any number in the John's Restaurant 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 pergipts 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? 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 50% of current month DM purchases 2 50% 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. (If 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 Cash Payments for Operating Expenses Budget F 3 6 1 7 1 6 Enter any number in the edit fields and then continue to the next question. 20 S John's Restaurant 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 pareipts 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? For the Months Ended January 31 and February 28 January February Total Variable cash operating expenses: Sales commissions: December Sales commissions: January Sales commissions: February Total variable cash operating expenses Fixed cash operating expenses: Sales salaries: December Sales salaries: January Sales salarios: February Rent expense F 3 2 6 7 1 Tax expense 6 Enter any number in the edit ads and then nntinna tn thanat o John's Restaurant 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 paripts 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? Rent expenso Tax expense Total foxed cash operating expenses Total cash payments for operating expenses Requirement 2. Prepare a combined cash budget for January and February. If no financing activity takes place, what is the budgeted on February 282 John's Restaurant Supply Combined Cash Budget For the Months Ended January 31 and February 28 January February 2 months Beginning cash balance 7 Plus: Cash collections from customers Total cash available F bal 3 2 6 1 6 Enter any number in the edit fields and then continue to the next question 120 S Requirements 1. Prepare schedules of (a) budgeted cash collections, (b) budgeted cash payments for purchases, and (c) budgeted cash payments for operating expenses 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 balanop on February 28? John's Restaurant Supply Combined Cash Budget For the Months Ended January 31 and February 28 January February 2 months Beginning cash balance 3 Plus: Cash collections from customers Total cash available Los cash payments: Direct materials purchases Operating expenses 7 Total cash payments F 2 6 1 1 Ending cash balance 6 Enter any number in the edit fields and then continue to the next question 20 S 30