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Novak Landscaping Inc. is preparing its budget for the first quarter of 2022 . The next step is to prepare a cash receipts schedule and
Novak Landscaping Inc. is preparing its budget for the first quarter of 2022 . The next step is to prepare a cash receipts schedule and a cash payments schedule. The following information has been collected: 1. Clients usually pay 50% of their fee in the month whten the service is provided, 40% the next month, and 10% in the second month aiter receiving the serviceJanuary 2022, \$13,000; February 2022, $15,000; and March 2022, $20,000. Prepare the following schedules for each month in the first quarter of 2022 and for the quarter in total. (1) Schedule of expected collections from clients. [2] Schedule of expected payments for landscaping supplies. eTextbook and Media Determine the following balances at March 31. 2022
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