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Bramble Landscaping Inc. is preparing its budget for the first quarter of 2017. The next step in the budgeting process is to prepare a cash

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Bramble Landscaping Inc. is preparing its budget for the first quarter of 2017. The next step in the budgeting process is to prepare a cash receipts schedule and a cash payments schedule. To that end the following information has been collected Clients usually pay 60% of their fee in the month that service is performed, 30% the month after, and 10% the second month after receiving service Actual service revenue for 2016 and expected service revenues for 2017 are November 2016, 91.440; December 2016, $84,110; January 2017, $104,600; February 2017 $124,970; March 2017, $132,960. Purchases of landscaping supplies (direct materials) are paid 60% in the month of purchase and 40% the following month. Actual purchases for 2016 and expected purchases for 2017 are December 2016, $18,200; January 2017. $14.500; February 2017, $17.470; March 2017. $22,240. Prepare the following schedules for each month in the first quarter of 2017 and for the quarter in total: (1) Expected collections from clients. BRAMBLE LANDSCAPING INC. Schedule of Expected Collections From Clients January February March Quarter November $ December N January February March Total collections $ $ (2) Expected payments for landscaping supplies. BRAMBLE LANDSCAPING INC. Schedule of Expected Payments for Landscaping Supplies January February March Quarter December January February 1 March Total payments

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