Hunter'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 disbursements: Click the icon to view the information) Requirements 1. Prepare schedules of (a) budgeted cash collections, b) budgeted cash payments for purchases, and (c) budgeted cash payments for operating expenses Show totals for each month and totals for January and February combined. 2. Prepare a combined cash budget. If no financing activity takes place, what is the budgeted cash balance on February 28? Requirement ta. Prepare a schedule of budgeted cash collections for January and February. Showtoals for each month and totals for January and February combined. Hunter'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 lotais for each month and total for January and February combined Hunter's Restaurant Supply Cash Payments for Material Purchases Budget For the Months Ended January 31 and February 28 Hunter'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 disbursements Click the icon to view the information) Requirements 1. Prepare schedules of (a) budgeted cash collections, (b) budgeted cash payments for purchases, and (c) budgeted cash payments for operating expenses Show totals for each month and totals for January and February combined 2. Prepare a combined cash budget. If no financing activity takes place, what is the budgeted cash balance on February 28? b. Prepare a schedule of budgeted cash payments for purchases for January and February, Show totais for each month and total for January and February combined. Hunter'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 February, Show totals for each month and totals for January and February combined. (If a box is not used in the table leave the box empty, do not enter a zero Round al amounts to the nearest dollar) Hunter Restaurant Supply Cash Payments for Operating Expenses Budget For the Months Ended January 31 and February 28 Enter any number in the prit finds and then continuinto the new Hunter'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 disbursements Click the icon to view the information) Requirements 1. Prepare schedules of (a) budgeted cash collections, (b) budgeted cash payments for purchases, and (c) budgeted cash payments for operating expenses Show totals for each month and totals for January and February combined 2. Prepare a combined cash budget If no financing activity takes place. what is the budgeted cash balance on February 28? e. Prepare a schedule of budgeted cash payments for operating expenses for January and February, Show toals for each month and totals for January and February combined of a box is not used in the table leave the box empty: do not enter a zero, Round all amounts to the nearest dollar) Hunter Restaurant Supply Cash Payments for Operating Expenses Budget For the Months Ended January 31 and February 28 January February Variable cash operating expenses Sales commissions: December Total Sales commissions: January Sales commissions: February Total variable cash operating expenses Fixed cash operating expenses Sales salarios: December Hunter'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 disbursements: Click the icon to view the information.) Requirements 1. Prepare schedules of (a) budgeted cash collections, (b) budgeted cash payments for purchases, and (c) budgeted cash payments for operating expenses Show totals for each month and totals for January and February combined 2. Prepare a combined cash budget. If no financing activity takes place, what is the budgeted cash balance on February 28? Sales commissions: February Total variable cash operating expenses Fixed cash operating expenses Sales salaries: December Sales salaries January Sales salaries: February Rent expense Tax expense Total faced cash operating expenses Total cash payments for operating expenses Requirement 2. Prepare a combined cash budget for January and February, no financing activity takes place, what is the budgeted cash balance on February 28? Hunter's Restaurant Supply Hunter'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 disbursements: Click the icon to view the information.) Requirements 1. Prepare schedules of (a) budgeted cash collections, (b) budgeted cash payments for purchases, and (c) budgeted cash payments for operating expenses. Show totals for each month and totals for January and February combined. 2. Prepare a combined cash budget. If no fnancing activity takes place, what is the budgeted cash balance on February 28? Requirement 2. Prepare a combined cash budget for January and February. If no financing activity takes place, what is the budgered cash balance on February 28? Hunter's Restaurant Supply Combined Cash Budget For the Months Ended January 31 and February 28 January February 2 months Beginning cash balance Plus: Cash collections from customers Total cash available Less cash payments: Direct materials purchases Operating expenses Total cash payments Ending cash balance Enter any number in the edit fields and then continue to the next question. aurant Supply is preparing is cash hudents for the first two months of the uncoming year. Her is the information about the company's uncoming cash receipts and cash icon to view the informatli More Info Jes. Show totals for each schedules of (a) budget er January and February a combined cash budge 2. Prepare a combined a. Sales are 65% cash and 35% credit. Credit sales are collected 20% in the month of sale and the remainder in the month after sale. Actual sales in December were $53,000. Schedules of budgeted sales for the two months of the upcoming year are as follows: Budgeted Sales Revenue January ......... $61,000 hry 282 February $70.000 For the Mor ush balance ollections from customers wailable mayments: aterials purchases Actual purchases of direct materials in December were $24,500. The company's purchases of direct materials in January are budgeted to be $22,000 and $27,000 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 eamed and half the next month Actual salaries were $9,000 in December. Budgeted salaries in January are $10,000 and February budgeted salarios are $11,500. Sales commissions ooch month are 12% of that month's sales. d. Rent expense is $3,000 per month e. Depreciation is $2,600 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 $19,000 g expenses ayments balance Print Done umber in the edit fields arforert CONTOU TOTII TOT QUONTO