Begin by preparing the schedule of cash receipts from customers for the first quarter of 20 Cash Receipts from Customers First Quarter 2018 Total sales Cash Receipts from Customers: Accounts Receivable balance, December 31, 2017 1st Qtr.-Sales Total cash receipts from customers Accounts Receivable balance, March 31, 2018: 1st Qtr.-Sales, collected in 2nd Qtr. Enter any number in the edit fields and then click Check Answer. Cash Payments First Quarter 2018 Total direct materials purchases Cash Payments Direct Materials: Accounts Payable balance, December 31, 2017 1st Qtr.Direct material purchases Total payments for direct materials Direct Labor: Total payments for direct labor Enter any number in the edit fields and then click Check Answer. Manufacturing Overhead: Total payments for manufacturing overhead Selling and Administrative Expenses: Total payments for Selling and Admin. expenses Choose from any list or enter any number in the input fields and then click Check Ans 2 parts remaining Income Taxes: Total payments for income taxes Capital Expenditures: Total payments for capital expenditures Total cash payments Accounts Payable balance, March 31, 2018 1st Qtr.--Direct materials purchases, paid in 2nd Qtr. Enter any number in the edit fields and then click Check Answer. part Review the schedule of cash payments you prepared in Reguir lent 1. Cooke Company Cash Budget For the Quarter Ended March 31, 2018 Beginning cash balance Cash receipts Cash available Cash payments: Purchases of direct materials Direct labor Manufacturing overhead Selling and administrative expenses Income taxes Capital expenditures Total cash payments Ending cash balance Enter any number in the edit fields and then click Check Answer. 5 of 6 (6 complete) er of 2018: Additional data related to the first quarte - X Data Table tor qua $ 212,000 40,300 36,700 Total sales Budgeted purchases of direct materials Budgeted direct labor cost Budgeted manufacturing overhead costs: Variable manufacturing overhead Depreciation Insurance and property taxes Budgeted selling and administrative expenses: Salaries expense Rent expense 1,150 1,000 6,833 11,000 1,000 1,500 Insurance expense Depreciation expense Supplies expense 450 6,360 Print Done Clear All est quarter of 2018. i Requirements 1. Prepare Sosa Company's schedule of cash receipts from customers and schedule of cash payments for the first quarter of 2018. 2. Prepare Sosa Company's cash budget for the first quarter of 2018. Print Done Begin by preparing the schedule of cash receipts from customers for the first quarter of 20 Cash Receipts from Customers First Quarter 2018 Total sales Cash Receipts from Customers: Accounts Receivable balance, December 31, 2017 1st Qtr.-Sales Total cash receipts from customers Accounts Receivable balance, March 31, 2018: 1st Qtr.-Sales, collected in 2nd Qtr. Enter any number in the edit fields and then click Check Answer. Cash Payments First Quarter 2018 Total direct materials purchases Cash Payments Direct Materials: Accounts Payable balance, December 31, 2017 1st Qtr.Direct material purchases Total payments for direct materials Direct Labor: Total payments for direct labor Enter any number in the edit fields and then click Check Answer. Manufacturing Overhead: Total payments for manufacturing overhead Selling and Administrative Expenses: Total payments for Selling and Admin. expenses Choose from any list or enter any number in the input fields and then click Check Ans 2 parts remaining Income Taxes: Total payments for income taxes Capital Expenditures: Total payments for capital expenditures Total cash payments Accounts Payable balance, March 31, 2018 1st Qtr.--Direct materials purchases, paid in 2nd Qtr. Enter any number in the edit fields and then click Check Answer. part Review the schedule of cash payments you prepared in Reguir lent 1. Cooke Company Cash Budget For the Quarter Ended March 31, 2018 Beginning cash balance Cash receipts Cash available Cash payments: Purchases of direct materials Direct labor Manufacturing overhead Selling and administrative expenses Income taxes Capital expenditures Total cash payments Ending cash balance Enter any number in the edit fields and then click Check Answer. 5 of 6 (6 complete) er of 2018: Additional data related to the first quarte - X Data Table tor qua $ 212,000 40,300 36,700 Total sales Budgeted purchases of direct materials Budgeted direct labor cost Budgeted manufacturing overhead costs: Variable manufacturing overhead Depreciation Insurance and property taxes Budgeted selling and administrative expenses: Salaries expense Rent expense 1,150 1,000 6,833 11,000 1,000 1,500 Insurance expense Depreciation expense Supplies expense 450 6,360 Print Done Clear All est quarter of 2018. i Requirements 1. Prepare Sosa Company's schedule of cash receipts from customers and schedule of cash payments for the first quarter of 2018. 2. Prepare Sosa Company's cash budget for the first quarter of 2018. Print Done