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Current Attempt in Progress Shetheld Landscaping Inc is preparing its budget for the first quarter of 2022 . The next step in the budgeting process
Current Attempt in Progress Shetheld Landscaping Inc is preparing its budget for the first quarter of 2022 . The next step in the budgeting process is to prepare a cashreceipts schedule and a cash payments schedule. To that end, the following infermation has been collected. Clients usually pay 60N of their fee in the nonth that service is performed, 300 the month after, and 108 the second month after teceiving service Actual service revenue for 2021 and expected service revenues for 2022 are November 2021, \$104,000, December 2021; \$117,000: danuary 2022,5130,000: February 2022.\$156,000: and March 2022,5102,000. Purchoses of landscaping supplies fdirect materials) are paid 60% in the month of purchase and 400 the following month Actus! purchares for 2021 and empected purchases for 2022 are December 2021, $18,200 : Jonuary 2022, $15,600; Febru, 2 ry 2022, $19,500; and March 2022 \$23,400: (1) Expected collections from clients (2) Expected payments for landkeaping supplios Determine the following balances at March 31, 2022 . (1) Accountsreceivable (2) Accounts payable
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