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Box Printing Supply of Baltimore has applied for a loan. Its bank has requested a budgeted income statement for April 2024 and budgeted balance sheet

Box Printing Supply of Baltimore has applied for a loan. Its bank has requested a budgeted income statement for April 2024 and budgeted balance sheet at April 30, 2024. The March 31, 2024, balance sheet follows:

Requirements

  1. Prepare the sales budget for April.
  2. Prepare the inventory, purchases, and cost of goods sold budget for April.
  3. Prepare the selling and administrative expense budget for April.
  4. Prepare the schedule of cash receipts from customers for April.
  5. Prepare the schedule of cash payments for selling and administrative expenses for April.
  6. Prepare the cash budget for April. Assume the company does not use short-term financing to maintain a minimum cash balance.
  7. Prepare the budgeted income statement for April.
  8. Prepare the budgeted balance sheet at April 30, 2024.
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Requirement 2. Prepare the inventory, purchases, and cost of goods sold budget for April Requirement 3. Prepare the selling and administrative expense budget for April Requirement 5. Prepare the budgeted cash payments for selling and administrative expenses for April Requirement 6 . Prepare the cash budget for April Assume the company does not use short-term financing to maintain a Box Printing Supply of Baltimore has applied for a loan. As Box Printing Requirement 7. Prepare the budgeted income statement for April. Review the sales budget you prepared above. Review the selling and administrative expense budget you prepared above Review the inventory, purchases, and cost of goods sold budget you prepared above a. April dividends of $8,000 were declared and paid b. April capital expenditures of $16,200 budgeted for cash purchase of equipment. c. April depreciation expense, $600 d. Cost of goods sold, 50% of sales e. Desired ending inventory for April is $21,200 f. April selling and administrative expenses include salaries of $34,000,25% of which will be paid in cash and the remainder paid next month 9. Additional April selling and administrative expenses also include miscellaneous expenses of 5% of sales, all paid in April h. April budgeted sales, $82,000,55% collected in April and 45% in May i. April cash payments of March 31 liabilities incurred for March purchases of inventory, $8.000 j. April purchases of inventory, $12,700 for cash and $37,600 on account Half the credit purchases will be paid in April and half in May Data table re has applied for a loal oudgeted balance sheet balance sheet.) sales budget for April. nventory, purchases, an Box Printing Supply ses, and Cost of Good Mnnth Fnded Anril 30. Box Printing Supply of Baltimore has applied for a loan. As Box Prit Requirement 4. Prepare the budgeted cash receipts from customers for April. Box Printing Supply of Baltimore has applied for a loan Box Printing Supply of Baltimore has applied for a loan Requirement 8. Prepare the budgeted balance sheet at April 30, 2024 Review the cash budget you prepared above. Requirement 3. Prepare the selling and administrative expense budget for April. Box Printing Supply of Baltimore has applied for a loan Box Printing Supply of Baltimore has applied for a loan Its bank has requested a budgeted income statement for April 2024 and budgeted balance sheet at April 30, 2024. The March 31, 2024, balance sheet follows: (Click the icon to view the balance sheet) As Box Printing Supply's controller, you have assembled the following additional information (Click the icon to view the information) Read the requirements Requirement 1. Prepare the sales budget for April Requirement 2. Prepare the inventory, purchases, and cost of goods sold budget for April Data table lied for a loa alance sheet heet) jet for April. purchases, ar ing Supply Cost of Good nden Anril 3n. Requirement 7. Prepare the budgeted income statement for April Review the sales budget you prepared above. Review the selling and administrative expense budget you prepared above. Review the inventory, purchases, and cost of goods sold budget you prepared abov Requirement 6. Prepare the cash budget for April. Assume the company does not use short-term financing to maintain a minimum cash balance Review the budgeted cash receipts from customers you prepared above Review the budgeted cash payments for selling and administrative expenses you prepared above. Requirements 1. Prepare the sales budget for April 2. Prepare the inventory, purchases, and cost of goods sold budget for April. 3. Prepare the selling and administrative expense budget for April 4. Prepare the schedule of cash receipts from customers for April 5. Prepare the schedule of cash payments for selling and administrative expenses for April 6. Prepare the cash budget for April Assume the company does not use short-term financing to maintain a minimum cash balance 7. Prepare the budgeted income statement for April 8. Prepare the budgeted balance sheet at April 30,2024

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