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Marigold Landscaping Company is preparing its budget for the first quarter of 2022. The next step in the budgetire process is to prepare cash receipts
Marigold Landscaping Company is preparing its budget for the first quarter of 2022. The next step in the budgetire process is to prepare cash receipts and cash payments schedules. To that end the following information has been collected. TO collections 1300a 150700 167300 Attempts: 1 of 1 used 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. Actual service revenue for 2021 and expected service revenues for 2022 are: November 2021, $127.000); December 2021, $106.000, January 2022, $149,000; February 2022, $162,000 March 2022 $174.000 Ja2) 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 Your answer has been seed, See score details after the due date Prepare a schedules of expected payments for landscaping supplies for cachmanth in the first quarter of 2022 and for the quarter in total. Do not leave any answer field blank Enter for amounts.) (a 1) Your answer has been saved. Sce score details after the due date. MARIGOLDLANDSCAPING COMPANY Schedule of Expected Payments for Landscaping Supplies For there Endir March 31,2022 V January February March 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.) December $ 14910 $ $ January BARI 74210 11 MARIGOLDLANDSCAPING COMPANY Schedule of Expected Collections From Clients For the Quarter Ending March 31 2022 February 1 20 15/50 January February March March 0 HO November $ 12700 0 0 Total payments 5 21000 20950 23790 December 31000 10600 0 Attempts: 1 of 1 used January 85800 42900 14300 February 0 97200 48600 151) March D 104400 Determine the account receivable balances at March 31, 2022. Total collections $ 130300 $ $ 150700 $ 167300 Accounts Receivable $
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