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Complete this question by entering your answers in the tabs below. Required 1Required 2 Required 3 Required 4 Required 5 Complete the schedule of expected
Complete this question by entering your answers in the tabs below. Required 1Required 2 Required 3 Required 4 Required 5 Complete the schedule of expected cash collections. Schedule of Expected Cash Collections Cash sales Credit sales Total collections AprilMay June Quarter $38,400 19,200 $57,600 Required 1 Required2 > Complete this question by entering your answers in the tabs below Required 1 Required 2 Required 3 Required 4 Required5 Complete the merchandise purchases budget and the schedule of expected cash disbursements for merchandise purchases June Quarter April Ma 4800051,750 41,400 89,400 38,400 Budgeted cost of goods sold Add desired ending merchandise inventory Total needs Less beginning merchandise inventory Budgeted cost of goods sold for April $64,000 sales 75% = $48,000. Add desired ending inventory for April-$51,750 x 80% $41,400 Schedule of Expected Cash April MayJune Quarter $22,800 $ 22,800 51,000 March purchases April purchases May purchases June purchases 25,500 25,500 Complete this question by entering your answers in the tabs below. Required 1 Required 2Required 3 Required 4 Required 5 Prepare a balance sheet as of June 30 Shilow Company Balance Sheet June 30 Assets Current assets: Total current assets Total assets Liabilities and Stockholders' Equity Stockholders' equity: Total liabilities and stockholders' equity Required 4 Required 5
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