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Leichter Auto Parts, a family-owned auto parts store, began January with $11,000 cash. Management forecasts that collections from credit customers will be $11,800 in January

image text in transcribedimage text in transcribed Leichter Auto Parts, a family-owned auto parts store, began January with $11,000 cash. Management forecasts that collections from credit customers will be $11,800 in January and $14,800 in February. The store is scheduled to receive $8,500 cash on a business note receivable in January. Projected cash payments include inventory purchases ( $17,800 in January and $12,600 in February) and selling and administrative expenses (\$3,000 each month). (3) (Click the icon to view additional information about Leichter Auto Parts.) Read the requirements. Requirement 1. Prepare Leichter Auto Parts' cash budget for January and February. Prepare the cash budget by entering in the labels, then enter in the amounts for January first and February next. (Complete all input fields. For entries with a $0 balance, make sure to enter " 0 " in the appropriate cell. Use parentheses or a minus sign when entering a deficiency.) rebruary. The store is scheduled to receive $8,500 cash on a business note receivesh. Management forecasts that collections from credit customers will be $11,800 in January and $14,800 in February) and selling and administrative expenses ($3,000 each month). (3) (Click the icon to view additional information about Leichter Auto Parts.) Read the requirements

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