6 eztomheducationcom Question 'I Exercise 9~26 , Connect Dashboard Exercise 9-26 0 Saved Help 1 points The following information is from Tejas WindowTint's nancial records. Month Sales Purchases April $78,000 $59,000 May 75,000 48,000 June 74,000 36,000 July 87, 000 54, 000 Collections from customers are normally 67 percent in the month of sale, 20 percent in the month following the sale, and 11 percent in the second month following the sale. The balance is expected to be uncollectible. All purchases are on account. Management takes full advantage of the 4 percent discount allowed on purchases paid for by the tenth of the following month. Purchases for August are budgeted at $68,000, and sales for August are forecasted at $74,000. Cash disbursements for expenses are expected to be $14,400 for the month of August. The company's cash balance on August1 was $30,000. Required: 1. Prepare the expected cash collections during August. 2. Prepare the expected cash disbursements during August. 3. Calculate the expected cash balance on August 31. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the expected cash collections during August. Prev 1 of 1 ::: Next Save & Exit Submit G E eztomheducationcom Question 'I Exercise 9~26 7 Connect Dashboard Exercise 9-26 0 Sal/ed Help Save & Exit Submit budgeted at :bbupUU, and sales tor August are torecasteo at :b/4,UUU. casn disbursements for expenses are expected to be $14,400 for the month of August. The company's cash balance on August 1 was $30,000. Required: 1. Prepare the expected cash collections during August. 5 2. Prepare the expected cash disbursements during August. POMS 3. Calculate the expected cash balance on August 31. El Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 E Prepare the expected cash collections during August. Next % Prev 1 of 1 G a ezto.mheducation.com Question 1 - Exercise 9-26 - Connect Dashboard Exercise 9-26 i Saved Help Save & Exit Submit Check my work budgeted at $68,000, and sales for August are forecasted at $74,000. Cash disbursements for expenses are expected to be $14,400 for the month of August. The company's cash balance on August 1 was $30,000. Required: 5 1. Prepare the expected cash collections during August. points 2. Prepare the expected cash disbursements during August. 3. Calculate the expected cash balance on August 31. Complete this question by entering your answers in the tabs below. eBook Required 1 Required 2 Required 3 Print Prepare the expected cash disbursements during August. TEJAS WINDOW TINT Expected Cash Disbursements August July purchases to be paid in August Net Cash disbursements for expenses Total Mc Graw Hill G a ezto.mheducation.com Question 1 - Exercise 9-26 - Connect Dashboard Exercise 9-26 i Saved Help Save & Exit Submit Check my work the second month following the sale. I ne palance is expected to be uncollectible. All purchases are on account. Management takes full advantage of the 4 percent discount allowed on purchases paid for by the tenth of the following month. Purchases for August are budgeted at $68,000, and sales for August are forecasted at $74,000. Cash disbursements for expenses are expected to be $14,400 for the month of August. The company's cash balance on August 1 was $30,000. 5 Required: points 1. Prepare the expected cash collections during August. 2. Prepare the expected cash disbursements during August. 3. Calculate the expected cash balance on August 31. eBook Complete this question by entering your answers in the tabs below. Print Required 1 Required 2 Required 3 Calculate the expected cash balance on August 31. TEJAS WINDOW TINT Expected Cash Balance August 31 Balance, August 1 Expected balance Hill