may i request help for this form and explain the reasoning for the cells?

Herbal Care Corp., a distributor of herb-based sunscreens, is ready to begin its third quarter, in which peak sales occur. The company has requested a $40,000, 90-day loan from its bank to help meet cash requirements during the quarter. Since Herbal Care has experienced difficulty in paying off its loans in the past, the loan officer at the bank has asked the company to prepare a cash budget for the quarter. In response to this request, the following data have been assembled: On July 1, the beginning of the third quarter the company will have a cash balance of $45,500 Actual sales for the last two months and budgeted sales for the third quarter follow (all sales are on account: ay August par | 520000 . 100.000 10.00 Past experience shows that 25% of a month's sales are collected in the month of sale, 70% in the month following sale, and 3% in the second month following sale. The remainder is uncollectible Budgeted merchandise purchases and budgeted expenses for the third quarter are given below: Merchan. 172.000.000 $40.000 41.000.000 Advertising 50.000 $122.000.000 5.30 Merchandise purchases are paid in full during the month following purchase. Accounts payable for merchandise purchases on June 30, which will be paid during July, total $168,000 Equipment Costing $10,000 will be purchased for cash during July * In preparing the cash budget, assume that the $40,000 loan will be made in July and repaid in September. Interest on the loan will total $1,200 Required: Prepare a schedule of expected cash collections for July August, and September and for the quarter in total Ae 2. Prepare a cash budget, by month and in total, for the third Ade Portpay 340,000 5160.000 5122 DOO 100 17000 17001 Merchandise purchases are paid in full during the month following purchase. Accounts payable for merchandise purchases on June 30, which will be paid during July, total $168,000 Equipment costing $10,000 will be purchased for cash during July In preparing the cash budget, assume that the $40,000 loan will be made in July and repaid in September. Interest on the loan will total $1,200. Required: Prepare a schedule of expected cash collections for July August and September and for the quarter in total From From 2 Prepare a cash budget, by month and in total, for the third quarter. (Cash deficiency, repayments and interest should be indicated by a minus sign.) more July Al Add Outonomer Tu AW Elow Bok & Resource