P9-61A (similar to) the poin Scot t Supply is preparing cash budget for the best De to view the wonin) t Wom e company ing cash receipts and cash disbursement 1. 2. Prepare schedules of a budgeted cash colections, budgeted cash pay for these and ch Prepare a combined cash budget a francing activity takes place what is the budgeted cash balance on February 28? o roport Shows for each month and stor y and February combined Requentare h a cctions foronary and February, Show foreach and for January and combined For the Months Laded January 31 and February 23 S e 79. cath and 25 Credits are collected 20% in the month of sale and the amander in the month after sale Actual i n December were $55.000 Schedules of budgeted months the upcoming areas Budgeted Sales Revenue . Adepths of director December 522.500. The company's purchase of direct 2000 Apared the pud d 60 the following month Sarandami se padhali the mothered and all the 59.500 Sals a ch oth are 12% of the month's de the end of January the las t 9 T here to search HOMI Aude P9-61A (similar to) Scots Restaurant Supply 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 1. Prepare schedules of budgeted cash collections, (b) budgeted cash payments for purchases and budgeted cash payments for operating expenses Show totals for each month and totals for January and Februarycomb 2. Prepare a combined cash budget If no financing activity takes place what is the budgeted cash balance on February 28? Requirement 1a. Prepare a schedule of budgeted cash collections for January and February Show lotails for each month and totals for January and February combined More info Sco's Restaurant Supply Cash Collections Budget For the Months Ended January 31 and February 28 Collection on credit sales Sales are 75% cash and 25% credit Cred sales are collected 20% in the month of sale and the remainder in the month after sale Actual sales in December were $56.000. Schedules of budgeted Sales for the two months of the upcoming year are as follows Budgeted Sales Revenge January 563.000 February 372.000 Actual purchases of direct materials in December were 22.500 The company's purchases of direct materials in January are budgeted lobo 122.000 27.00 in February. All purchases we paid In the month of purchase and 60% the following month c. Salaries and sales com o are also paid half in the month and and all the next month Actual salaries were $7.000 in December budgeted salaries in January are S000 and February budgeted salaries are $9.500 Sales com o each month are 12 of that month's sales d. Rent expenses $3.500 per month Depreciations 2.0 per month 1. Estimated income tax payments are made at the end of January The estimated tax payment is projected to be $11.500 9. The cash balance at the end of the prior year was $23.000 Print Done 9 Peta Clear AB Type here to search H I EDONOg & Olufsen Tech