Exercise 11 Part Level som Flounder 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 tee in the month that service is performed, 30% the month and 10the second month after receiving service Actual service revenue for 2016 and expected service revenues for 2017 are November 2016, 104,110 December 2016,654.000 January 2017, 102,3901 February 2017 5123,530: March 2017, 131.560 Purchases of landscaping supplies (direct materials) are paid 60 in the month of purchase and the following month. Actual purchases for 2016 and expected purchases for 2017 December 2016, 517.540: January 2017 516.30: February 2017 518,950: March 2017 519,050 Practice Assignment Gradebook ORION Downloadable eTextbook signment Time: 09:17 AM / Remaining 81 min. CALCUI (a) Prepare the following schedules for each month in the first quarter of 2017 and for the quarter in total: (1) Expected collections from clients. FLOUNDER LANDSCAPING INC. Schedule of Expected Collections From Clients January February arch Quarter November $ $ $ December January February March Total collections $ $ 5 $ (2) Expected payments for landscaping supplies, FLOUNDER LANDSCAPING INC. Schedule of Expected Payments for Landscaping Supplies January February March Quarter Practice Assignment Gradebook ORION Downloadable eTextbook signment Time: 09:17 AM / Remaining 81 min. CALCUI (a) Prepare the following schedules for each month in the first quarter of 2017 and for the quarter in total: (1) Expected collections from clients. FLOUNDER LANDSCAPING INC. Schedule of Expected Collections From Clients January February arch Quarter November $ $ $ December January February March Total collections $ $ 5 $ (2) Expected payments for landscaping supplies, FLOUNDER LANDSCAPING INC. Schedule of Expected Payments for Landscaping Supplies January February March Quarter Huic erextbook ament 09:17 AM / Remaining: 81 min. (2) Expected payments for landscaping supplies. FLOUNDER LANDSCAPING INC. Schedule of Expected Payments for Landscaping Supplies January February March Quarter December $ January February March Total payments $ $ Atte (b) Exercise 13-18 (Part Level Submission) Found Landscaping in de preparing its budget for the first quarter of 2017. The next step in the budgeting room is to prepare a treceipts schedule and cath payment schedule. To that in the following Information has been collected Clients usually pay of their fex in the month that wervice is performed the month and 10the second month after receiving service Actual service revenue for 2016 and expected service revenues for 2017 November 2016.04.110 December 2016, 504,000 anuary 2017, 5102: 390 February 2017 5123,530 March 2017 5131.560 Purchases of landscaping supplies (direct also in the month of purchase and the following month. Actual purchase for 2016 and expected purchase for 2017 December 2016, 317,540: January 2017 $16,370 February 2017, 10.950 March 2017 510.050