Item1 10 points Time Remaining 2 hours 29 minutes 31 seconds02:29:31 Item 1 Time Remaining 2 hours 29 minutes 31 seconds02:29:31 Weller Industrial Gas Corporation supplies acetylene and other compressed gases to industry. Data regarding the store's operations follow:

Sales are budgeted at $360,000 for November, $380,000 for December, and $370,000 for January. Collections are expected to be 75% in the month of sale and 25% in the month following the sale. The cost of goods sold is 73% of sales. The company desires an ending merchandise inventory equal to 85% of the cost of goods sold in the following month. Payment for merchandise is made in the month following the purchase. Other monthly expenses to be paid in cash are $21,600. Monthly depreciation is $21,400. Ignore taxes.

Balance Sheet October 31 Assets Cash $ 22,400 Accounts receivable 83,400 Merchandise inventory 223,380 Property, plant and equipment (net of $598,000 accumulated depreciation) 1,008,000 Total assets $ 1,337,180 Liabilities and Shareholder's Equity Accounts payable $ 196,400 Common shares 660,000 Retained earnings 480,780 Total liabilities and shareholder's equity $ 1,337,180

Required:

a. Prepare a Schedule of Expected Cash Collections for November and December.

b. Prepare a Merchandise Purchases Budget for November and December. c. Prepare Cash Budgets for November and December.

d. Prepare Budgeted Income Statements for November and December. e. Prepare a Budgeted Balance Sheet for the end of December.

pls answer according to the added pictures as it required from A to E pls answer fast

Weller Industrial Gas Corporation supplies acetylene and other compressed gases to industry. Data regard follow: Sales are budgeted at $360,000 for November, $380,000 for December, and $370,000 for January. Collections are expected to be 75% in the month of sale and 25% in the month following the sale. The cost of goods sold is 73% of sales. . The company desires an ending merchandise inventory equal to 85% of the cost of goods sold in the Payment for merchandise is made in the month following the purchase. Other monthly expenses to be paid in cash are $21,600. Monthly depreciation is $21,400. Ignore taxes. . . Balance Sheet October 31 Assets Cash Accounts receivable Merchandise inventory Property, plant and equipment (net of $598,000 accumulated depreciation) Total assets 22,400 83,400 223, 380 1,008,000 $1,337,180 Liabilities and Shareholder's Equity Accounts payable Common shares Retained earnings Total liabilities and shareholder's equity $ 196,400 660,000 480, 780 $1,337,180 Required: a. Prepare a Schedule of Expected Cash Collections for November and December. n Arabend netfm DSL a. Prepare a Schedule of Expected Cash Collections for November and December b. Prepare a Merchandise Purchases Budget for November and December. c. Prepare Cash Budgets for November and December. d. Prepare Budgeted Income Statements for November and December. e. Prepare a Budgeted Balance Sheet for the end of December. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E Prepare a Schedule of Expected Cash Collections for November and December. November December Sales Schedule of Expected Cash Collections Accounts receivable November sales December sales Total cash collections 0 $ 0 Required B> Required: a. Prepare a Schedule of Expected Cash Collections for November and Decembe b. Prepare a Merchandise Purchases Budget for November and December. c. Prepare Cash Budgets for November and December. d. Prepare Budgeted Income Statements for November and December e. Prepare a Budgeted Balance Sheet for the end of December. Complete this question by entering your answers in the tabs below. 0:16 Required A Required B Required c Required D Required E Prepare a Merchandise Purchases Budget for November and December. November December Budgeted cost of goods sold $ 262,800 $ 277,400 Total needs 262,800 277,400 Required purchases $ 262,800 $ 277,400 a. Prepare a Schedule of Expected Cash Collections for November and December. b. Prepare a Merchandise Purchases Budget for November and December. c. Prepare Cash Budgets for November and December. d. Prepare Budgeted Income Statements for November and December e. Prepare a Budgeted Balance Sheet for the end of December. Complete this question by entering your answers in the tabs below. Required A Required B Required C Required D Required E Prepare Cash Budgets for November and December. November December Cash disbursements for merchandise Other monthly cash expenses Total cash disbursements $ 0 $ 0 Beginning cash balance Add cash receipts Total cash available 0 0 0 0 Less cash disbursements Excess (deficiency) of cash available over disbursements Financing Ending cash balance $ 0 $ 0 a. Prepare a Schedule of Expected Cash Collections for November and December b. Prepare a Merchandise Purchases Budget for November and December c. Prepare Cash Budgets for November and December. d. Prepare Budgeted Income Statements for November and December. e. Prepare a Budgeted Balance Sheet for the end of December Complete this question by entering your answers in the tabs below. Required A Required B Required c Required D Required E Prepare Budgeted Income Statements for November and December. November December Sales Cost of goods sold 0 0 Other monthly expenses Depreciation $ O $ 0