Becah's Boutique is a retail store carrying a wide selection of designer clothing.

Becah's Boutique balance sheet for March $31,2021,$ is as follows:

Becah's Boutique

Balance Sheet

March $31,2021$

Assets

Current Assets:

Cash $$17,000$

Accounts Receivable $$15,900$

Merchandise Inventory $$48,200$

Prepaid Insurance $$1,620$

Total Current Assets $$82,720$

Property, Plant & Equipment

Equipment & Fixtures $$32,200$

Less: Accumulated Depreciation $($$$13,000)$ $$19,200$

Total Assets $$101,920$

Liabilities

Current Liabilities: $$17,400$

Accounts Payable $$4,070$

Salaries & Commissions Payable $$21,470$

Total Liabilities

Stockholders' Equity

Common Stock, no par $$19,900$

Retained Earnings $$60,550$

Total Stockholders' Equity $$80,450$

Total Liabilities and Stockholders' Equity $$101,920$

The following information is also included:

Sales are $70\%$ cash and $30\%$ on account.

The balance in the Accounts Receivable account is the sales on account from last quarter.

Budgeted sales for this quarter are: $$52,000$ in April, $$78,000$ in May and $$61,000$ in June. August sales are projected to be $$71,000.$

Beginning Merchandise inventory is on the Balance Sheet. Budgeted Cost of Goods Sold averages $60\%$ of sales.

Budgeted Ending Merchandise Inventory is equal to $$22,000$ plus $80\%$ of the next months Cost of Goods Sold.

The monthly payroll for salaries is $$2,500$ plus commissions equal to $10\%$ of sales.

Other monthly costs include: $$1,800$ per month for rent, $$520$ for depreciation, $$220$ for Insurance Expense $($from expiration of Prepaid Insurance$),$ and $5\%$ of sales for Miscellaneous Expense.

Complete the following budgets for the second quarter.Becah's Boutique

Sales Budget

For the Quarter Ended June $30,2021$

$\backslash$table$[[,$April,May,June,Total,$],[$Cash Sales,,,,,$],[$Sales on Account,,,,,$]]$

Becah's Boutique

Inventory, Purchases, & Cost of Goods Sold Budget

For the Quarter Ended June $30,2021$

$\backslash$table$[[,],[$Cost of Goods Sold,$],[$Plus: Desired Ending Merchandise Inventory,$],[$Total Merchandise Required,$],[$Less: Beginning Merchandise Inventory,$]]$

Becah's Boutique

Selling and Administration Budget

For the Quarter Ended June $30,2021$

$\backslash$table$[[$Variable Expenses:$],[$Commissions Expense$],[$Miscellaneous Expense$],[$Total Variable Expenses$],[$Fixed Expenses:$],[$Salaries Expense$],[$Dent Expense$],[$Insurance Expense$],[$Total Fixed Expenses$],[$Total Selling & Administrative Expenses$]]$