Homework: ACC-260 Topic 3 Assignment Save Score: 0 of 25 pts 4 of 5 (1 complete) HW Score: 0%, 0 of 100 pts Question Help P22-39A (similar to) Largley Company has provided the folowing budget information for the first quarter of 2018: Click the icon to view the budget information) Additional data related to the first quarter of 2019 for Langley Company: Click the icon to view the data.) Read the requirements i More Info S 212.000 41.450 36.900 Requirement 1. Prepare Larglay Company's schedule of cash recints from customers and schedule of cash payments for the first quarter of 2018. Begin by preparing the schecule of cash receipts from customers for the first quarter of 2016 A Data Table Cash Receipts from Customers First Quarter 2018 Tatal sales Total salas Budgeted purchases of direct materials Cash Receipts from Customers: Budgeted direct labor cost Accounts Receivable balance, December 31, 2017 Budgeled Iranulucturing overhead costs: 18 QW-Sales Variable manufacturing overhead Depreciation Total cash reoslots from oustomers Insurance and property taxes Budyelud selling and administrative expenses: Accounts Receivable balance, March 31, 2018: Salaries expense 1st Or. Sales, collected in 2nd Olr. Rent axpense Insurance expense Depreciation expense Supplies akong Capital expenditures include $34,000 for new manufacturing enuipment in bn a. purchased and paid in the first quarter. Cash rensipts are 85% of sales in the quarter of the sale and 15% in the b. quarter fallowing the sale. Dineet materials purchases and paid 60% in the quarter purchased and 40% in c. the next quarter. Dince labar, manufacturing overhead, and selling and administrative costs ar d. paid in the quarter incurred. Income tax expense for the first quarter is projected at $41,000 and is paid in c. the quarter incurred Langley Company cancts to have adequate cash funds and does not f. anticipate burrowing in the first quarter. The December 31, 2017, balance in Cash is $30.000, in Accounts Receivable g. is $22,800, and in Auris Payubla is $10,500. 1.000 1200 6.500 GOD 4.500 2.100 Print Done 400 4240 Enter any number in the edit fields and then click Check Answer. 2 Print Done 4. paris remaining OTOD Check Answer Save 4 of 5 (1 complete HW Score: 0%, 0 of 100 pts Homework: ACC-260 Topic 3 Assignment Score: 0 of 25 pts P22-39A (similar to) Larglay Company has provided the folowing budget information for the first quarter of 2018 Click the icon to view the budget information.) Question Help Additional cats related to the first quarter of 2018 for Langley Company (Click the icon to view the data) Read the requirements Requirement 1. Prepare Langley Company's schedule at cash recints from customers and schedule of cash payments for the first quarter of 2018 Beyin toy preparing the schedule of cash receipts from customers for the first quarter of 2018, Cash Receipts from Customers First Quarter 2018 Tatal sales 212.000 Cash Receipts from Customers: Accounts Receivable balance, December 31, 2017 17.900 189,800 1st Qur-Sales 187,500 Total cash receipts from customers Accounts Receivable balance, March 31, 2018: 1 sl Cir.Sales, collected in 2nd Qlr. 42.400 Enter any number in the edit fields and then click Check Answer. ? 4 Pemaining Clear All Check Answer JUL A 5 X w KOB Otv