please check attachment

and answer the question given in attachment file XCV

2". In class assignment M.ACCT section 51 You are provided with the following Sales Budget, Purchases Budget and selling and administrative expenses budget for Tech. to go Co. for the second quarter of the year 2020. (1)Sles Budget Requirement 1 Cash receipt from customer's Budget April. May. June. Total April. May. June. Total Cash sales 35,000 20,750 23,000 76,750 April Collections: Credit sales 2,000 14,000 17,000 33,000 From April Sales Total sales 37,000 34,750 40,000 111,750 From March Sales Total April collection (11)Purchase Budget May Collections: April. May. June Total From May Sales Cash Purchases 13,000 17,000 24,000 54,000 From April Sales Credit Purchases 3,000 6,000 9,000 18,000 Total May collections Total Purchases 16,000 23,000 33,000 72,000 June Collections: From June Sale (Ill)Sales& Administrative Expenses Budget From May Sales April. May. June. Total Total June collections Salaries 7,000 8,000 7,600 22,600 Total cash receipt jales 3,800 2,600 4,400 10,800 Requirement 2 purchase payment Budget Commissions April. May. June. Total Ren 400 400 400 1,200 April purchayments: Maintenance 1,200 1,750 1,500 4,450 For April Purch Insurance 150 150 150 450 For March Purch Utilities 300 300 300 900 Total April. Purc. Pay. Depreciation 200 200 200 600 May purchayments: Total 13,050 13,400 14,550 40,750 For May Purch For April Purch Requirements: Assuming Tech. to go is planning to purchase new Total May Purchay. June purchayments: equipment for $9,000 cash during April 2020. All cash expenses are paid when incurred except insurance expenses which are For June Purh. expiration of prepaid. Prepare the following budgets for the For May Purch second quarter of the year 2020: Total June Purchay. Total Purchase Payments 1-Collections from customers budget Assume all credit sales will be collected during the following month of sale. Requirement 3 Cash Budget (Accounts Receivable at March.31, 2020 equals $9,000) April. May. June. Total Beginning cash balance 2- Payments for purchases budget Assume all credit purchases will be paid during the following month of purchases (Accounts Cash receipts Payable at March 31, 2020 equals $4,000) Cash available Cash payments; 3- Cash budget assume Cash balance at March.31 2020 equals For Purchases $12,000. For S & Adm. Exp. 4-Determine the amount of Accounts Receivable, Accounts For Additional Assets Total cash payments Payable and cash balance at June 30,2020. Ending cash balance Requirement 4 a- Accounts receivable at June 30,2020 = . b- Accounts Payable at June 30, 2020 = .. C- Cash Balance at June 30,2020 = _