Beech Corporation is a merchandising company that is preparing a master budget for the third quarter of the calendar year. The company's balance sheet as of June $30$th is shown below:

$\backslash$table$[[\backslash$table$[[$Beech Corporation$],[$Balance Sheet$],[$June $30]],],[$Assets$,],[$Cash$,$$$90,000$

and the remaining $$55,000$ relates to expenses that are paid in the month they are incurred.

$5.$ The company does not plan to borrow money or pay or declare dividends during the quarter ended September $30.$ The company does not plan to issue any common stock or repurchase its own stock during the quarter ended September $30.$

Required:

Prepare a schedule of expected cash collections for July, August, and September.

$2-$a$.$ Prepare a merchandise purchases budget for July, August, and September. Also compute total merchandise purchases for the quarter ended September $30.$

$2-$b$.$ Prepare a schedule of expected cash disbursements for merchandise purchases for July, August, and September.

Prepare an income statement that computes net operating income for the quarter ended September $30.$

Prepare a balance sheet as of September $30.$

Complete this question by entering your answers in the tabs below.

Req $2A$

Req $2B$

Prepare a schedule of expected cash collections for July, August, and September.

$\backslash$table$[[$Schedule of Expected Cash Collections$],[$Quarth$]]$

Prev

$23$

of $4$

Next