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need help getting started with this budget Save Homework: Chapter 7 Homework Score: 0 of 1 pt FAM7-A1 (similar to) 1 of 463.complete) HW Score:

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need help getting started with this budget

Save Homework: Chapter 7 Homework Score: 0 of 1 pt FAM7-A1 (similar to) 1 of 463.complete) HW Score: 75%, 3 of 4 pts Question Help You are the new manager of the local Pattison Electronics Store, Top management of Pattison Electronics is convinced that menggement training should include the active participation or store managers in the budgeting process You have been asked to prepare a complete master budget for your store for June, July, and August. All accounting is done centrally so you have no expert help on the premis in addition tomorrow the branch manager and the assistant controller will be here to examine your work at that time. They will assist you in formulating the final budget document The idea is to have you prepare the initial budget on your own so that you gain more confidence about arcourting mewers. You w ho make a favorable Impression on your superiors, so you gether the following financial statement and sales dates of May 31, 20x8 (Click the icon to view the data.) (Click the icon to view the additional information Read the requirements Requirement 1. Prepare a budgeted income statement for the comingine through August quarter cash budget for each other three months and d a nce sheet for August 31, 20x All operations are evaluated on a before income tax bisso income taxes may be ignored here. Before we prepared the budgeted income statements. cash budgets and budgeted balance sheet les prepare a sales budget schedule of cash collections from customers a purchases budget a schedule of cash disbursements for purchases, and a schedule of operating expenses and disbursements for expenses (except interesi.) Begin by preparing the sales budget for the June through Augus t Schedule a: Sales budget Datable June July August Credit sales Cash sales Recent and Project Total sales Enter any number in the eart fields and then click Check Answer 13 Partening

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