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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

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 30th is shown below:
\table[[,\table[[Beech Corporation],[Balance Sheet],[June 30]]],[Assets,],[Cash,$85,000Prepare 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 1
Prepare a schedule of expected cash collections for July, August, and September.
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