Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

How to solved rest of this questions? I had done to solved half part of this questions. iIncomplete budget X x E9-36A (similar to) Question

How to solved rest of this questions? I had done to solved half part of this questions.

image text in transcribed
iIncomplete budget X x E9-36A (similar to) Question Help 3 You recently began a job as an accounting intern at Big Sky Adventures. Your first task was to help prepare the cash budget for February and March, Unfortunately, the Big Sky Adventures Lid. computer with the budget file crashed, and you did not have a back ot have a backup or even a hard copy. You ran a program to ran a program to salvage bits of data from the budget file. After entering -Cash Budget the following data in the budget, you may have just enough information to reconstruct the budget. February and March i (Click the icon to view information on borrowing cash.) February Requirements Beginning cash balance March Cash collections- $ 16,700 $? 1. Complete th 2 - 80,300 (For amounts with a zero balance, make sure to enter "0" in the appropriate cell. Enter cash deficiencies with a minus sign or parentheses. Enter the net Cash from sale of plant assets 2,300 otal effects of financing with a minus sign or parentheses when the amount is a net outflow. Round the interest expense to the nearest whole dollar.) Cash available 106,900 Big Sky Adventures Ltd. Cash payments Cash Budget Purchase of inventory $? $ 41,900 Operating expenses 47,200 February and March February March Total payments 97,300 41900 (1) Ending cash balance before financing Beginning cash balance 16,700 27.800 Minimum cash balance desired 25,000 25,000 Cash collections 90,200 80,300 2,300 Cash excess (deficiency) $ ? $ ? Cash from sale of plant assets 106,900 124500 Cash available Print Done Cash payments: Purchases of inventory 50,100 5 41,900 47,200 to) Operating expenses i Incomplete budget Enter any number in the edit fields and then click Check Answer 4 Clear All Check Answer form Cash from sale of plant assets 2,300 All parts showing h budd Cash available 106 900 Cash payments. Purchase nf inventory Operating expenses 47.200 Total payments 97.300 (1) Ending cash balance before financing 27,800 Minimum cash balance desired 25.ods 25,000 x E9-36A (similar to) Cash excess (deficiency) Question He hth) Financing of cash:deficiency. You recently began a job as an accounting intern at Big Sky Adventures. Your first task was to help prepare the cash budget for February and March. Unfortunately, the and Borrowing (at end of month) computer with the budget file crashed, and you did not have a backup or even a hard copy. You ran a program to salvage bits of data from the budget file. After entering Principal repayments (at end of month) the following data in the budget, you may have just enough information to reconstruct the budget. Interest expense i (Click the icon to view information on borrowing cash.) (2) Total effects of financing Requirements 1. Complete the following cash budge Ending cash balance (1) + (2) Cash payments fields Print Done Purchases of inventory 50,100 $ 41,900 Operating expenses 47,200 Total payments 97,300 (1) Ending cash balance before financing 9,600 27,800 Minimum cash balance desired 25,000 25.000 it file crashed, and you did not have a backup or cour west task was to help prepare the cash budget for February ant budget, you may have just enough information to reconstruct the budget, a program to salvage bits of data from the Cash excess (deficiency) (15.400) armation on borrowing cash.) Financing of cash deficiency: cash budget Borrowing (at end of month) 15,400 2 Principal repayments (at end of month) i More Info - X Interest expense (2) Total effects of financing 15.400 popnaire where is canary cash deficiency by borrowing the exact amount needed from Galsse at the end of each month. The company also repays all borrowed amounts at the end of the month ass Ending cash balance (1) + (2) 25,000 becomes available Enter any number in the edit fields and then click Check Answer ? Print Done All parts showing Clear All Check Answer edit fields and then click Check Answer. 5 Clear All

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Principles Of Financial Accounting (Chapters 1-17)

Authors: John Wild

24th Edition

1260158608, 9781260158601

More Books

Students also viewed these Accounting questions

Question

What are the differences in business model used for Internet sales?

Answered: 1 week ago