Can you please provide explanations for the answers it's just a homework ungraded

\fwwwww-\"W ' ' '- Canned" \" \\: A 7 'u at\" Homewo 'Ltim ,4 1.me {necohnectmheducation.com/flow/connectvhtmL 'WA..~WWWVW T: \" -.. . \"M. w nu-,...;..'.......,'....~........... . gleexpectedmhdwbursemevtsdunnsl'uaust July purchases to be paid In August Chan disbusements for expenses . ' Net " Iota: '44:" . Required 3 \fmumnnect x Homeworkand- x XAddaProduct- x ~AddaProdud- 77 7 :cure \\ httpszllnewconnectmheducation.com/ow/connect,htmi 1 . 29-25 0 Saved I - , Check my work [ \"in Sales Purchase: . ' ' April $78,999 $52,999 Hay 75,999 45,999 ' ' "' ' June 68,999 33,999 ' July 71,999 51,999 \"7:; Jan. fsale, 18 percent in the month following the sale, and 12 percent F Collections from customers are normally 68 percent in the month 0 in the second month following the sale, The balance is expected to be uncollectible. All purchases are on account. Management - " takes full advantage of the 2 percent discount allowed on purchases paid for by the tenth of the following month. Purchases for a _ August are budgeted at $64,000, and sales for August are forecasted at $70,000. Cash disbursements for expenses are expected to . be $15,200 for the month of August. The'compahy's cash balance on August1 was $35,000. \\ Required: 1. Prepare the expected cash collections during August. Prepare the expected cash disbursements during August. , Mate the expected cash balance on August 31.