2. Compute the balances necessary to prepare a budgeted balance sheet for August 31 for each of the following accounts: Balances for August 31 Budgeted Cash June 1 Balance Add To Cash Recais Les Total Cash Payments August 31 Balance Supplies Inventory 15% of August Purchases Accounts Receivable 50% of August Sales 10% of July Sales Balance August 31 Accounts Payable 50% of August Purchase MacBook Pro 9 CV B NI M command command option Paul's Pool Service provides pool cleaning chemical application, and pool repairs for residential customers. Clients are billed weekly for services provided and usually pay 50 percent of the fees in the month the service is provided in the month following service, Paul colects 40 percent of service fees. The final 10 percentis collected in the second more owing service. P urchases his scoles on credit and pay 50 percent in the month of purchase and the remaining 50 percent in the more flowing purchase of me supole Pau purchase 85 percent is used in the month of purchase and the remainder is used in the more following purchase The following formation is available for the months of June and August, which are pe busiest months June 1 cash balance $16,000 June supplies on hand $4,400 June 1 accounts receivable $9,500 June 1 accounts payable $4,300 Estimated swes for June July, and August are $22.300.541000, and $43.900, respectively Sales during May were $25.700, and sales during or were $18.300 . Estimated purchases for June July August are $10.000 $79.200, and $3,800, respectively Purchases in May were $5.500 Required 1. Come budgeted cash receipts and budgeted cash payments for each month Bu g ece Butted Car Parts 2. Come the balances necessary to r ea c h for orch of owing accounts MacBook Pro 4 5 6 7 8 O Y JK N command command option Paul's Pool Service provides pool cleaning chemical application, and pool repairs for residential customers. Clients are billed weekly for services provided and usually pay 50 percent of the fees in the month the service is provided in the month following service, Paul colects 40 percent of service fees. The final 10 percentis collected in the second more owing service. P urchases his scoles on credit and pay 50 percent in the month of purchase and the remaining 50 percent in the more flowing purchase of me supole Pau purchase 85 percent is used in the month of purchase and the remainder is used in the more following purchase The following formation is available for the months of June and August, which are pe busiest months June 1 cash balance $16,000 June supplies on hand $4,400 June 1 accounts receivable $9,500 June 1 accounts payable $4,300 Estimated swes for June July, and August are $22.300.541000, and $43.900, respectively Sales during May were $25.700, and sales during or were $18.300 . Estimated purchases for June July August are $10.000 $79.200, and $3,800, respectively Purchases in May were $5.500 Required 1. Come budgeted cash receipts and budgeted cash payments for each month Bu g ece Butted Car Parts 2. Come the balances necessary to r ea c h for orch of owing accounts MacBook Pro 4 5 6 7 8 O Y JK N command command option