chapter 20 help please

X-Tel budgets sales of $96,000 for April, $144,000 for May, and $60,000 for June. Sales are 50% cash and 50% on credit. All credit sales are collected in the month following the sale. Total sales for March were $14,000. Prepare a schedule of cash receipts from sales for April, May, and June Prepare a budgeted balance sheet at March 31 using the following information from Zimmer Company. a. The cash budget for March shows an ending loan balance of $15,500 and an ending cash balance of $64,700. b. The sales budget for March shows sales of $131,000. Accounts receivable at the end of March are budgeted to be 60% of March sales. c. The merchandise purchases budget shows that $90,100 in merchandise will be purchased on credit in March. Purchases on credit are paid 100% in the month following the purchase. d. Ending merchandise inventory for March is budgeted to be 710 units at a cost of $40 each. e. Income taxes payable of $27,100 are budgeted at the end of March. f. Accounting records at the end of March show budgeted equipment of $82,900 with accumulated depreciation of $33,200. 9. Common stock of $30,500 and retained earnings of $58,200 are budgeted at the end of March