Packet 10 - Word Scribner Nicholas SN Draw Design Layout References Mailings Review View Zotero Help Survey of Accounting Packet 10 Supplies Purchases and Payments Budget To ensure that he has an adequate amount of supples on hand. W. I would like to maintain an ending supples balance equal to 50% of the estimated supples expense for the following month October's budgeted supples expense is $60. Recal that My Assistant had $30 of supplies on hand at June 30. Effective July 1, My Asistent's supplier now requires that 80% of purchases on account be paid in the month of purchase the remaining 20% are paid in the month following the month of purchase. Al june 30 My Assistant owed the supplier $25 August $40 September $50 My Assistant Supplies Purchases Budget July 1 - September 30, Year 2 July Budgetepples experte $30 Plus: Dested ending supplies Supplies needed Les Beginning supplies Required purchases on account My Assistant Schedule of Payments for Supplies July 1 - September 30, Year 2 July August September Payment for current month purchases Payment for previous month purchases Total budgeted payments to supple + What is the amount of Accounts Payable My Assistant will report on its pro forma balance sheet of the end of the first quarter September 2017 here to search O 96 5 6 7 8 9 0 V ER . D G H K L Padieet 10 . Word Scribner, Nicholas Insert Draw Design Layout References Mailings Review View Zotero Help Share 312 per PayPal tee . 30 75 pero Gospense Extmated at $2.50 per job at WI.completes Social Media $100 per month Mnager 31 per PayPal job scheduled W.I estimates that of her scheduling fee will be due at the end of each month Contract worker job. paid upon job completion payments for jobs Westmates 30 jobs per month will be completed this way W ty 5400 per month Advertising $100 per month paid & mors in advance Balance in Prepaid Advertising was $300 o 6/30 The meat payments de October W.T. cho knows he need to account for the equipment of $500 e purchased in June Since he's being the equipment to generate revenue he now he needs to marchi contain the revenue that's generated. He's somed that the process of opening long-term is such as equipment is nown as depreciation but he's iure how to For He has been told that the ment should live yeon and will be worth ett end of that time period. We pecho use the equipment equally in every month Bored on this what would be resonable amount of Depreciation Expense och mon round your companion to the nearest whole dolor Based on the above prepare an expense and payments budget for these items for My Budgeted Budgeted Experte Payment Collection PayPal Gosper Scheduling social media manager Delivery expert-contract wonen enthal w's wory Ange per Depreciation experte T 5 What is the amount of payable that My Aporton the proformatorence What the amount of Prepaid Adworting that My Autant will report on yr fome once the Bored on your bove, who is the amount of Depreciation of My ont report for over 2 3 1 Type here to search O De SUAM 200 5 6 7 8 9 W E R P G . X CVB N M. Alt E Draw Design Layout References Mailings Review View Zotero Help Survey of Accounting Packet 10 Semester Case - My Assistant, Inc. Now that My Assistant has completed its first ful year of operations. W. 1. is ready to budget for the upcoming year. He'd like to concentrate on the first quarter July-September before examining the entire year. Thos already completed projections for estimated jobs. My Assistant Services Revenue Projections July 1 - September 30. Year 2 July August September Projected Jobs Paypal 80 84 BB On Account 52 56 Prepaid Total 132 100 He knows that one thing he'll need to do is complete a coth budget for the quarter in order to complete the cash budget, he'll need to work with the schedules that follow. Your task is to complete them 148 He to search 44 80 DIE cu End Du Po 5 6 8 9 0 E R. D F G H K L NM Packet 10 - Wand Scribner, Nicholas She Design Layout References Mailings Review View Zotero Help survey i ACCOUNT Packet 10 Service Reverve Budget bored on the projects completed by Wabove), compute the oniount of sales revenue My Action should colect each month. Evaluate groutes only leg. do not deduct the PayPal fee at his point). Recolthof different customers receive different one those paying by Paypal and on account cre charged 35 per job. The customer that par in advance pay for three months of service and is charged $14.50 per job. That customer lost pidin jure for service to be provided in unely, and August 14 jobs completed per month Aho, recol that fees received through PayPal or received at job completion Accounts Receivable crede the month following the month in which the service is provided on June 30, the balance in ACCOUN Recovable was 5600 My Avon Services Revenue Budget July 1 - September 30. Year 2 July August September Projecte Service Revenue On Account Prepaid Total Budgeted Revenue Schedule of Cash Recen Payo On Account Prepaid Total Budgeted Collections I Type here to search O BI 9 96 5 6 7 8 W R. D G H CVB NM