More Info a. Sales are 60% cash and 40% credit. Credit sales are collected 20% in the month of sale and the remainder in the month after sale. Actual sales in December were $55,000. Schedules of budgeted sales for the two months of the upcoming year are as follows: Budgeted Sales Revenue January 61,000 February 71,000 b. Actual purchases of direct materials in December were $22,500. The company's purchases of direct materials in January are budgeted to be $20,500 and $25,000 in February. All purchases are paid 40% in the month of purchase and 60% the following month. c. Salaries and sales commissions are also paid half in the month earned and half the next month. Actual salaries were $8,500 in December. Budgeted salaries in January are $9,500 and February budgeted salaries are $11,000. Sales commissions each month are 12% of that month's sales. nanti Print Done i More Info and tals January $ 61,000 February 71,000 b. Actual purchases of direct materials in December were $22,500. The company's purchases of direct materials in January are budgeted to be $20,500 and $25,000 in February. All purchases are paid 40% in the month of purchase and 60% the following month. C. Salaries and sales commissions are also paid half in the month earned and half the next month. Actual salaries were $8,500 in December. Budgeted salaries in January are $9,500 and February budgeted salaries are $11,000. Sales commissions each month are 12% of that month's sales. d. Rent expense is $3,000 per month. e. Depreciation is $2,900 per month f. Estimated income tax payments are made at the end of January. The estimated tax payment is projected to be $11,500. g. The cash balance at the end of the prior year was $19,000. Print Done 1 2 John's Restaurant Supoly is preparing its cash budgets for the first two months of the upcoming year. Here is the information about the company's upcoming cash receipts and cash disbursements Click the icon to view the information) Requirements Prepare schedules of (a) budgeted cash colections, (b) brodonted cash payments for purchases, and (c) budgeted cash payments for operating expenses Show total for sach month and tools for Jawatan February combined Propare a combird cash budget. If no financing activity takes place, what in the budgeted cant balance on February 2009 Requirement 1a. Propire a schedule of budgeted cash collections for January and February Show totals for each month and totais for January and February combined John's Restaurant Supply Cash Collections Budget For the Months Ended January 31 and February 28 January February Total 30000 42000 Cash sale 79200 2. John's Restaurant Supply is preparing to cash budget for the first two months of the upcoming year. Here is the information about the company's upcoming on this and cash disbursement Click the icon to view the information) Requirements 1. Prepare schedules of (a) budgeted cash collections, (b) budgeted cash payments for purchases, and c) budgeted cash payments for operating expenses Showtoare for each month and tools for January and February combined Prepare a combined cash budget. If no financing activity takes place, what is the budgeted cash belon on Fry 20? For the Months Ended January 31 and February 20 January February Total Cash sales 50000 42000 79200 Collection on creat sales Totalcat collections b. Prepare a schedule of budgled cash payment for purchases for January and February, Showtoals for each month and toile for January and February corned Erior any number in the edit folds and then continue to the question . John's Restaurant Supply is preparing its cash budget for the first two months of the upcoming year. Here is the information about the company's upcoming cash month and cash cabaments 1 Click the icon to view the information Requirements 1. Prepare schedules of (a) budgeted cash collection (1) budgeted cash payments for purchases, and te) badsted cash payments for operating person Snow tools for each month and totalt for January and 2 Prepare a combined cath budget. If no financing activity takes place, what is the budget omh balance on Fitney 28 2 t. Prepare a schedule of budgeted cash payments for purchases for January and February, Show totale for each month and goals for January and Forary combined John's Restaurant Supply Cash Payments for Material Purchases Budget For the Months Ended January 31 and February 20 January February Total 40% of common Muchas Enter any number in the fields and then continue to the next to Johns Restaurant Supply is preparing cash budget for the first two months of the upcoming year. Here is the information about the company's upcoming cash receipts and cash disbursements Click the icon to view the information) Requirements 1. Prepare schedules of (a) budgeted cash collections, (b) budgeted cash payments for purchases, and (e) budgeted cash payments for operating expenses Show Hostals for each month and totals for January February combined 2. Prepare a combined cash budget. If no financing activity takes place, what is the budgeted cash balance on February 28? Cash Payments for Material Purchases Budget For the Months Ended January 31 and February 28 January February Total 40% of current month DM purchases 60% of month's OM purchases Total cash payments c. Prepare a schedule of budgeted cash payments for operating expenses for January and February Show is for each month and totals for January and February.combined. (If an input field is not used in the Enter any number in the edit fields and then continue to the next question 1. John's Restaurant Supply in preparing is cash budgets for the first two months of the upcoming year. Here is the information about the company's upcoming chreceipts and cont disbursement (Click the icon to view the information) Requirements Prepare schedules of (a) budgeted cash collections, (b) budgeted cash payments for purchases, and (c) budgeted cash payments for operating exponer Show total for each month and stars for day and February combined 2 Prepare a combined cash budget. If no financing activity takes place, what is the budgeted cash balance on February 289 c. Prepare a schedule of budgeted cash payments for operating experies for January and February, Show toals for each month and tools for January and February combined input fi in not used in the table, love the input field empty, do not enter a roro Round al amounts to the nearest doar) John Restaurant Supply Cash Payments for Operating Expenses Budget For the Months Ended January 31 and February 28 January February Variable cash operating expono Enter any number in the edit Gelds and then continue to the next question John's Restaurant Supply is preparing is can budgets for the first two months of the upcoming year. Here is the information about the company's upcoming cash recipes and ca diabursements Click the icon to view the information) Requirements 1. Prepare schedules of (a) budgeted cash collections, b) budgeted cash payments for purchases, and budgeted cash payments for operating expenson Show lotais for each month and totals for January and February combined 2 Prepare a combined cash budget. If no financing activity takes place, what is the budgeted cash balance on February 287 Variable cash operating experts Sales commissions December Sales comision January Sales commissions Fetinuary Total variable cash operating po Fund cash operating expenses Sales salaries December 1. John's Restaurant Supply is preparing is cash budgets for the first two months of the upcoming year. Here is the information about the company's upcoming cash receipts and cash disbursements: Click the icon to view the information Requirements Prepare schedule of a budgeted cash collections. (b) budgeted cash payments for purchases, and (c) budgeted cash payments for operating expenses Show totals for each month and total for January and February combined 2. Prepare a combined cash budget. I no financing activity takes place, what is the budgeted cash bulanan on February 287 Total variables operating expenses Fed cash operating expenses Sales salaries December Sales salaries January Salos solares: February Rantane Tix expense John's Restaurant Suely is preparing this cash budgets for the first two months of the upcoming year. Here is the information about the company's upcoming cash receipts and cash disbursements Click the loon to view the information Requirements 1. Prepare schedule of a buted cash collection (b) budgeted cash payments for purchases, and (c) budgeted cash payments for operating expenhow toals for each month and lotails for January and February combined 2 Prepares combined can budget. If no financing activity takes plon, what is the budged balance on February 287 y) Rent expo Tex opere Todos operating Requirement 2. Prepare a combined cash out for January and February. If rofnanding activity the place, what is the budged chance on February 28? John's Restaurant una 1. John's Restaurant Supply is preparing to cash budgets for the first two months of the upcoming year. Here is the information about the company's upcoming cash roots and cash disbursements (Click the icon to view the information) Requirements Prepare schedule of (a) budgeted cash collections, (b) budotto cash payment for purchases, and (e) budpoled cash payments for operating expers. Show totais for each month and tools for Janary and February combined 2 Prepare a combined ch budget. Ut no frantoing activity token place, what is the budged cash balance on February 287 Requirement 2. Prepare a combined cash budget for Jawy and Pobrany. If no fricing activity the place, what is the bodpred cash bace on February 2007 John's Restaurant Supply Combined Cash Budget For the Months Ended January 31 and February 21 January February 2 months Beginning the hon. John's Restaurant Supply in preparing a cash budgets for the first two months of the upcoming your Here is the information about the company's upcoming cash receipts and cash disbursements the loon to view the information) Requirements 1. Prepare schedules of a budgeted cash collection, (b) budgeted cash payments for purchases, and budgeted cash payments for operating experie Show total for each month and totals for January and February.combined 2. Prepare a combined cash budget. If no financing activity takes plan, what is the budgeted cash balance on February 207 January February 2 months Degirming cash Pus Cash collection from customers Total cash Losh payer Direct purchase Operating per Johs Restaurant Supply is preparing is cash budgets for the first two months of the upcoming year. Here is the information about the company's upcoming cash receipts and cash disbursements Click the icon to view the information) Requirements 1. Prepare schedules of (a) budgeted cash collections, budgeted cash payments for purchases, and (c) budgeted cash payments for operating expenses Show totals for each month and tons for January and February combined 2 Prepare a combined cash budget. If no financing activity takes place wat is the budgeted cash balance on February 28 ron Total shavatable Los cash payment Direct materials purchases Operating expenses Totalcash payments Erving cash bilan 2 Enter any number in the edit fields and then continue to the next