Hoan's Hestaurant Sapky s preparing and cont bastantes to the text to menthe ot the upcoming yine Here on the stormation about the company's cong cash receipts and cash disbursement Click to view the formation) Requirements Prepare schedule of lay bespoed cuh cabocloro, y busted conth payments for purchon, and (c) trekgeld cash payment ter operating experien. Sham boton sot mich north wel wat tot Jurury net Futury Prepare a conhed on the too were alwhy the place what is the budgeted canh bice on Petruary 2017 1 co 2 Hemoirement la Wewe schon dan cabections for Junary and letrary, show is to own more and the naty w truy conced So'rant Supply Cash Collections Budget For the Month Ended January 1 and 28 January February Total Cash sales Cochon Total cash collections t. Prepares for January and Toby Shows for each month and to try and February Restaurants Casa Material Purch Budget For the Month Enday and 2 Time: Suamique inting - SP22 - Sec 4800 - X More info a. Sales are 70% cash and 30% credit. Credit sales are collected 30% in the month of sale and the remainder in the month after sale. Actual sales in December were $52,000. Schedules of budgeted sales for the two months of the upcoming year are as follows: Budgeted Sales Revenue January 65,000 February $ 67,000 b. Actual purchases of direct materials in December were $25,000. The company's purchases of direct materials in January are budgeted to be $22,500 and $28,000 in February. All purchases are paid 50% in the month of purchase and 50% the following month. c. Salaries and sales commissions are also paid half in the month earned and half the next month. Actual salaries were $9,500 in December. Budgeted salaries in January are $10,500 and February budgeted salaries are $12,000. Sales commissions each month are 10% of that month's sales. d. Rent expense is $3,500 per month. e. Depreciation is $2,300 per month. f. Estimated income tax payments are made at the end of January. The estimated tax payment is projected to be $12,000. g. The cash balance at the end of the prior year was $22,000. Print Done =Quiz: Quiz 9 - Chapter 9 Question 1 of 1 This quiz: 20 point(s) possib This question: 20 point(s) pe Roan's Restaurant Supply is preparing its cash budgets for the first two months of the upcoming year. Here is the information about the company's upcoming cash receipts and cash disbur CATE + Requirement 1a. Prepare a schedule of budgeted cash collections for January and February Show totals for each month and totals for January and February combined Roan's Restaurant Supply Cash Collections Budget For the Months Ended January 31 and February 28 January February Total Cash sales Collection on credit sales Total cash collections b. Prepare a schedule of budgeted cash payments for purchases for January and February. Show totals for each month and totals for January and February combined. Roan's Restaurant Supply Cash Payments for Material Purchases Budget For the Months Ended January 31 and February 28 January February Total 50% of current month DM purchases 50% of last month's DM purchases Total cash payments c. Prepare a schedule of budgeted cash payments for operating expenses for January and February Show totais for each month and totals for January and February jombined. (If an input field is no input field empty; do not enter a zero Round all amounts to the nearest dollar)" Roan Restaurant Supply Cash Payments for Operating Expenses Budget For the Months Ended January 31 and February 201 January February Total Vanable cash operating expenses Sales commissions: December Sales commissions: January Sales commissions February Total variable cash operating expenses Fixed cash operating expenses Sales salaries December Sales salaries January Sales salanes February Rent expense Tax expense Total fized cash operating expenses Time Remainin III Quiz: Quiz 9 - Chapter 9 - Question 1 of 1 This quiz: 20 point This question: 20 por Roan's Restaurant Supply is preparing its cash budgets for the first two months of the upcoming year. Here is the information about the company's upcoming cash receipts and ca GE Rent expense Tax expense Total fixed cash operating expenses Total cash payments for operating expenses Requirement 2. Prepare a combined cash budget for January and February. If no financing activity takes place, what is the budgeted cash balance on February 287 Roan's Restaurant Supply Combined Cash Budget For the Months Ended January 31 and February 28 January February 2 months Beginning cash balance Plus Clish collections from customers Total cash available Less cash payments Direct matonals purchases Operating expenses Total cash payments Ending cash balance Submit quie Roan's Restaurant Supply is preparing is cash budgets for the first he months of the upcoming year. Here is the information about the company's upcoming cash recepts and cash disbursemen Click the icon to view the information) Requirements 1 Prepare schedules of (a) budgeted cash cections. 00 hudgeted cash payments for purchases, and (c) budged cash payments for operating expenses Show totals for each month and totals for January and Fury combined 2 Prepare a combined cash budget If no financing activity takes place, what is the bulgeted cash balance on February 287