It would be really helpful if you could show me how to solve and the answers for pt 1 and 2 of this question thank you.

Pauls Pool Service provides pool cleaning chemical application, and pool repairs for residential customers. Clients are billed weekly for services provided and usually pay o percent of their fees in the month the service is provided in the month following service, Paul collects 15 percent of service fees. The final 5 percent is collected in the second month following service. Pour purchases his supplies on credit and pays 50 percent in the month of purchase and the remaining 50 percent in the month following purchase of the supplies Paul purchases, 75 percent is used in the month of purchase, and the remainder is used in the month following purchase The following information is available for the months of June, July, and August, which are Pour busiest months June 1 cash balance $15.400 June 1 supplies on hand $4200 June 1 accounts receivable 58.700 June 1 accounts payable $4100 Estimated cales for June July, and August are $26,100, 39.200 and 541,900, respectively. Sales during May were 524,500, and sales during April were $17.500 Estimated purchases for June July, and August are $9,500.518,400, and $13.200, respectively, Purchases in May were $5.300 Required: 1. Compute budgeted cash receipts and budgeted cash payments for each month August I Budgeted Cash Receta wted Cash Payments 2. Compute the balances necessary to prepare a budgeted balance sheet for August 31 for each of the following accounts: Baces for August 31 Budgeted Cash June 1 Balance Add: Total Cash Receipts Less Total Cash Payment August 31 Balance Supplies Inventory 25% of August Purchases Accounts Receivable 209 of August Sales of wly Sales Balance August 31 Accounts Payable SOM FAQs Purch