0123:10 11.000 5,600 Oneida Company's operations began In August. August sales were $180,000 and purchases were $125,000. The beginning cash balance for september is $32,000. Oneida's owner approaches the bank for a $105,500 loan to be made on September 2 and repald on November 30. The bank's loan officer asks the owner to prepare monthly cash budgets. Its budgeted sales, merchandise purchases, and cash payments for other expenses for the next three months follow. Budgeted September October November Sales $ 250,000 $425,000 $ 450,000 Merchandise purchases 240,000 200,000 201,000 Cash payments Salaries 29,400 29,400 29,400 Rent 11,000 11,000 Insurance 5,600 5,600 Repayment of loan 105,500 Interest on loan 1.055 1,055 1,055 All sales are on credit where 77% of credit sales are collected in the month following the sale, and the remaining 23% collected in the second month following the sale. All merchandise is purchased on credit: 87% of the balance is paid in the month following a purchase, and the remaining 13% is pald in the second month. Required: Prepare the following for the months of September October, and November, 1. Schedule of cash receipts from sales 2. Schedule of cash payments for direct materials 3. Cash budget Book Print Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the schedule of cash receipts from sales ONLIDA COMPANY Schedule of Cash Receipts from Sales September $ 250.000 October November 425,000 $ 450.000 Sales Cash receipts from Profperiod sales Two pensada proses Total cash recept 5 138.000 192.500 5 327.250 1 130.000 $ 192.500 5 327250 Required 2 > 23.01 Oneida Company's operations began in August. August sales were $180,000 and purchases were $125,000. The beginning cash balance for september is $32,000. Oneida's owner approaches the bank for a $105,500 loan to be made on September 2 and repaid on November 30. The bank's loan officer asks the owner to prepare monthly cash budgets. Its budgeted sales, merchandise purchases, and cash payments for other expenses for the next three months follow. Budgeted September October November Sales $ 250,000 $ 425,000 $ 450,000 Merchandise purchases 240,000 200,000 201,000 Cash payments Salaries 29.400 29,400 29,400 Rent 11,000 11,000 11,000 Insurance 5,600 5,600 5,600 Repayment of loan 105,500 Interest on loan 1,055 1,055 All sales are on credit where 77% of credit sales are collected in the month following the sale, and the remaining 23% collected in the second month following the sale. All merchandise is purchased on credit: 87% of the balance is paid in the month following a purchase, and the remaining 13% is paid in the second month. Required: Prepare the following for the months of September October, and November 1. Schedule of cash receipts from sales 2. Schedule of cash payments for direct materials, 3. Cash budget 1,055 book Print Complete this question by entering your answers in the tabs below. Required 1 Required2 Required Prepare the schedule of cash payments for direct materials ONEIDA COMPANY Schedule of Cash Payments for Direct Materials September October November Materials purchases $ 240,000 5 200,000 5 201.000 Cash payments for Prior period purchases Two periods prior purchases Total cash payments 05 os + Oneida Company's operations began in August. August sales were $180,000 and purchases were $125,000. The beginning cash balance for september is $32,000. Oneida's owner approaches the bank for a $105,500 loan to be made on September 2 and repaid on November 30. The bank's loan officer asks the owner to prepare monthly cash budgets. Its budgeted sales, merchandise purchases, and cash payments for other expenses for the next three months follow, 012235 Bock mudgeted September October November Sales $ 250,000 $425,000 $ 450,000 Merchandise purchases 240,000 200,000 201.000 Cash payments Salaries 29.400 29,400 29,400 Rent 11,000 11,000 11,000 Insurance 5,600 5.600 5,600 Tepayment of loan 105,500 Interest on loan 1,055 1.055 1,055 All sales are on credit where 77% of credit sales are collected in the month following the sale, and the remaining 23% collected in the second month following the sale. All merchandise is purchased on credit, 87% of the balance is paid in the month following a purchase, and the remaining 13% is paid in the second month Required: Prepare the following for the months of September October, and November 1. Schedule of cash receipts from sales 2. Schedule of cash payments for direct materials. 3. Cash budget Print Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required Prepare the cash budget ONLIDA COMPANY Cash Budget September October November $ 32.000 $ 120,2055 82.000 Begining balance 32.000 120.295 02.090 Total cash avtale Lew Cash payments for 0 Total cash payment Prouinary chance Loan activity