Maynard Company has prepared the following schedules and additional information: BClick the icon to view the cash receints schedule ) EIClick the icon to view the cash pavments schedule O Reference ence February January March Total Cash Receipts from Customers ayments January February March Total Materials: 11,500 $ 11,600 $ 11,100 S Total sales 34,200 hts Payable balance, January 1 January February March Total y-Direct material purchases paid in February $ 3,200 Cash Receipts from Customers: ry-Direct material purchases paid in March 4,400 Accounts Receivable balance, January 1 4,400 $ 3,200 7,600 January-Cash sales ayments for direct materials 9,200 January-Credit sales, collection of January sales in January 1,150 January-Credit sales, collection of January sales in February Labor: 1,150 ayments for direct labor February-Cash sales 2,500 4,000 9,280 4,300 10,800 February-Credit sales, collection of February sales in February February-Credit sales, collection of February sales in March 1,160 acturing Overhead: 1,160 for plant March-Cash sales 450 450 900 8,880 March-Credit sales, collection of March sales in March ty taxes on plant 3,000 3,000 1,110 10,350 $ 11,590 S 11,150 $ 33,090 ayments for manufacturing overhead 3,000 450 450 3,900 Total cash receipts from customers and Administrative Expenses: Accounts Receivable balance, March 31: for office 510 510 1,020 March-Credit sales, collection of March sales in April 1,110 DintDene More Info Maynard Company has prepared the following schedules and additional information: (Click the icon to view the cash payments sch (Click the icon to view the cash receipts schedule.) Maynard's beginning cash balance is $5,500 and Maynard desires to maintain a minimum ending cash balance of $5,500. Maynard borrows cash as needed at the beginr borrowed in increments of $1,000 at the beginning of months when excess cash is available. The interest rate on amounts borrowed is 14% per year. Interest is paid at the beginning of the month on the outstanding balance from the previous month. (Click the icon to view the additional information.) of each month in increments of $1,000 and repays the amounts Complete a cash budget for Maynard Company. (Complete all answer boxes. Enter a "0" for any zero balanc parentheses.) Maynard Company Cash Budget Print Done January, February, and March February March Total ty January February March Total 11,500 $ 11,600 $ 11,100 $ Total sales 34,200 Beginning cash balance January February March Total Cash receipts Cash Receipts from Customers: Cash available Accounts Receivable balance, January 1 Cash payments: January-Cash sales 9,200 Purchases of direct materials January-Credit sales, collection of January sales in January 1,150 Direct labor January-Credit sales, collection of January sales in February 1,150 Manufacturing overhead February-Cash sales 9,280 Selling and administrative expenses February-Credit sales, collection of February sales in February February-Credit sales, collection of February sales in March 1,160 Interest expense 1,160 Total cash payments March-Cash sales 8,880 Ending cash balance before financing March-Credit sales, collection of March sales in March 1,110 10,350 $ 11,590 $ 11,150 $ Minimum cash balance desired 33,090 Total cash receipts from customers Enter any number in the edit fields and then continue to the next question. Accounts Receivable balance, March 31: Maynard Company has prepared the following schedules and additional information: BClick the icon to view the cash receints schedule ) EIClick the icon to view the cash pavments schedule O Reference ence February January March Total Cash Receipts from Customers ayments January February March Total Materials: 11,500 $ 11,600 $ 11,100 S Total sales 34,200 hts Payable balance, January 1 January February March Total y-Direct material purchases paid in February $ 3,200 Cash Receipts from Customers: ry-Direct material purchases paid in March 4,400 Accounts Receivable balance, January 1 4,400 $ 3,200 7,600 January-Cash sales ayments for direct materials 9,200 January-Credit sales, collection of January sales in January 1,150 January-Credit sales, collection of January sales in February Labor: 1,150 ayments for direct labor February-Cash sales 2,500 4,000 9,280 4,300 10,800 February-Credit sales, collection of February sales in February February-Credit sales, collection of February sales in March 1,160 acturing Overhead: 1,160 for plant March-Cash sales 450 450 900 8,880 March-Credit sales, collection of March sales in March ty taxes on plant 3,000 3,000 1,110 10,350 $ 11,590 S 11,150 $ 33,090 ayments for manufacturing overhead 3,000 450 450 3,900 Total cash receipts from customers and Administrative Expenses: Accounts Receivable balance, March 31: for office 510 510 1,020 March-Credit sales, collection of March sales in April 1,110 DintDene More Info Maynard Company has prepared the following schedules and additional information: (Click the icon to view the cash payments sch (Click the icon to view the cash receipts schedule.) Maynard's beginning cash balance is $5,500 and Maynard desires to maintain a minimum ending cash balance of $5,500. Maynard borrows cash as needed at the beginr borrowed in increments of $1,000 at the beginning of months when excess cash is available. The interest rate on amounts borrowed is 14% per year. Interest is paid at the beginning of the month on the outstanding balance from the previous month. (Click the icon to view the additional information.) of each month in increments of $1,000 and repays the amounts Complete a cash budget for Maynard Company. (Complete all answer boxes. Enter a "0" for any zero balanc parentheses.) Maynard Company Cash Budget Print Done January, February, and March February March Total ty January February March Total 11,500 $ 11,600 $ 11,100 $ Total sales 34,200 Beginning cash balance January February March Total Cash receipts Cash Receipts from Customers: Cash available Accounts Receivable balance, January 1 Cash payments: January-Cash sales 9,200 Purchases of direct materials January-Credit sales, collection of January sales in January 1,150 Direct labor January-Credit sales, collection of January sales in February 1,150 Manufacturing overhead February-Cash sales 9,280 Selling and administrative expenses February-Credit sales, collection of February sales in February February-Credit sales, collection of February sales in March 1,160 Interest expense 1,160 Total cash payments March-Cash sales 8,880 Ending cash balance before financing March-Credit sales, collection of March sales in March 1,110 10,350 $ 11,590 $ 11,150 $ Minimum cash balance desired 33,090 Total cash receipts from customers Enter any number in the edit fields and then continue to the next question. Accounts Receivable balance, March 31