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find the last part answer Sunland Landscaping inc is preparing its budget for the first quarter of 2022. The next step is to preparea cash
find the last part answer
Sunland Landscaping inc is preparing its budget for the first quarter of 2022. The next step is to preparea cash receipts schedule an a cash payments schedule. The following information has been collected: 1. Cuents usually pay 50% of their fee in the month when the service is provided, 40% the next month, and 10% in the second month after receiving the service. 2. Actual service revenues for 2021 and expected service revenues fq 2022 are as follows: November 2021, $88,000; December 2021, 569,000 ; January 2022, 5109,000; February 2022, 5119,000 ; and March 2022, 5129,000. 3. The company pays for purchases of landscaping supplies (direct materials) 60% in the month of purchase and 40% the following month. Actual purchases for 2021 and expected purchases for 2022 are: December 2021, $14,000 : January 2022. 512.000; February 2022, \$16,000; and March 2022, $18,000 SUNLAND LANDSCAPING INC. For the Quarter Ending March 31, 2022 January February March Quarter \begin{tabular}{rr|} \hline 8,800 & 50 \\ \hline \end{tabular} 54,500 (2) Schedule of expected payments for landscaping supplies. 4. Youranswer is incorrent. Determine the following balances at March 31,2022 Step by Step Solution
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