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Marigold Landscaping Company is preparing its budget for the first quarter of 2022. The next step in the budgeting process is to prepare cash receipts
Marigold Landscaping Company is preparing its budget for the first quarter of 2022. The next step in the budgeting process is to prepare cash receipts and cash payments schedules. To that and the following information has been collected Clients usually pay 60% of their fee in the month that service is provided, 30% the month after, and 10% the second month after receiving service (a2) Actual service revenue for 2021 and expected service revenues for 2022 are: November 2021, $127,000: December 2021, $106.000; January 2022, $143.000; February 2022 $162,000, March 2022, $174.000 Prepare a schedules of expected payments for landscaping supplies for cach month in the first quarter of 2022 and for the quarter in total. (Do not leave any answer field blonk. Enter Ofor amounts.) Purchases of landscaping supplies are paid 30% in the month of purchase and 70% the following month. Actual purchases for 2021 and expected purchases for 2022 are: December 2021, $21.300: January 2022 $20,300: February 2022, $22,500; March 2022, $26,800 MARIGOLDLANDSCAPING COMPANY Schedule of Expected Payments for Landscaping Supplies (a 1) January February March December $ $ $ Your answer has been saved. See score details after the due date. January February Prepare a schedules of expected collections from clients for each month in the first quarter of 2022 and for the quarter in total (Do not leave any answer field blank. Enter for amounts.) March Total MARIGOLDLANDSCAPING COMPANY Schedule of Expected Collections From Clients Farthe Quarter Finding March 31, 2022 V $ payments January February March Quarter Save for Later Attempts: 0 of 1 used Submit Awer 12700 $ 0 $ 0 $ 12700 31800 10600 42400 (11) The parts of this question must be completed in order. This part will be available when you complete the part above. 85800 42900 14300 143000 0 97200 48600 145000 (52) a 0 0 104400 104400 The parts of this question must be completed in order. This part will be available when you complete the part above. 130300 150700 167300 $ 448300
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