and the remaining ook are coliected in the month subsegent to the sale. b Bodneted salee tor thit are 4450000 purchases. Af purchases on eredt are paid in the month sublequent to the purchase Toe accounis paryble at Metch 31 wir be pad in Aprit. rocurted Required: 2 Calcufote the buspeted merchondite purchnses for April, Mwy, and June during Aprit, May, and June to detecmive the cesh balahe in your June Joth balance sheet? Complete this question try entering vour answers in the tabs belew, lequired: Calculate the expected cash collections for April, May, and June Calculute the budgeted merchandse purchases for April, May, and June Caiculate the expected coshr disbursements for merchundise purchases for April, May, and June. Piepare o budgeted balance sheet at June 30th. Hint You need to calculate the cash paid for seiling and administrative expenses turing April, Moy, and June to desermine the cash balance in your June 30 th balonce sheet) Complete this question by entering your answers in the tabs below. Frepare a bubetied balance sheet at rune 30ch. (Hint: You need to calculate the cash paid for seling and adminatrative expenses during Aprl, May, and June to determine the cash balance in vour lune 30th balance sheet.) Deacon Compary is o merchandising compony thot is preparing a budget for the three-month period ended June 30 th. The following informerion is nualable Budgeting Assumptions a. 60s of rales are cash soles and 40S of sales are credit sales. Twenty percent of al credit sales are collected in the month of sale and the remaining sos are collected in the month subsequent to the sale. b. Gudigeted sales for July are $165.000 c 10S of merchanclise invertacy purchases are paid in cash at the time of the purchase. The remaining 90s of purchases are credit purchases Al purchases on credit are pald in the month subsequent to the purchose. The accounts payable at March 31 wir be paid in Aprit d. Each month's ending meichendise inventory should equal $10,000 pluis 50s of the next month's cost of gocds sold e. Depreciation expense is $450 per morth. All other seling ond odminatrative expenses are paid in fut in the month the expense is incuried. Required: 1. Cakculate the expected cash coliections for April, May, and June. 2. Calculase the budgeted merchandise purchases for Aprit, May, and June. 3. Calculase the expected cosh disbursements for morchandise purchases for Aprik, May, and June. 4. Prepare a budgeted bolance sheet at June 30th. Hint You need to colculate the cash paid for salling and administrative expenses during Apris, May, and June to cetermine the cath batance in yout fune 30 th talance sheet) Complete this quevion by entering vour answers in the tabs below. Calculate the expectind cach collections for Aprik, May, and Jure. Descen Company is a meichandising company thut is preparing a budget for the shee-month pecied inded June 30 th. The following information is tweilabie Eucteting Assumptions: b. Bubgeted selet for July are $ les 000 . pard in Aprit. incuriod. Aequired: 1. Calculate the espected caun colections for Aonil, May, and Juns during Apri, Mog and Jure to determine tre cash baiance in your ture Joth balance she+t? Descon Conpony is a meschandising compeny shat is grepwing s budget tor the three-month period ended June 3oth. The fobowing information lis avilable Evegeting Atsumptions D. EOV of seles are cash sales and 40 s of saies are credt soles. Twecty percent of at crect sovet are collected in the month of ssie and the remaising sos are colectied in the mome swbsequent to the saie b. Fudgeted sales for July are $165,000. Phid in Aprit. Bequired: 1. Cakculase the expected cash colections for Apris, Moy, and June
