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Please help me complete the nine parts remaining ion) * More Info X nse Jary a. Sales are 75% cash and 25% credit. Credit sales

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ion) * More Info X nse Jary a. Sales are 75% cash and 25% credit. Credit sales are collected 20% in the month of sale and the remainder in the month after sale. Actual sales in December were $55,000. Schedules of budgeted sales for the two months of the upcoming year are as follows: Budgeted Sales Revenue January $ 65,000 February $ 68,000 b. Actual purchases of direct materials in December were $25,000. The company's purchases of direct materials in January are budgeted to be $23,500 and $27,000 in February. All purchases are paid 50% in the month of purchase and 50% the following month. c. Salaries and sales commissions are also paid half in the month earned and half the next month. Actual salaries were $9,000 in December. Budgeted salaries in January are $10,000 and February budgeted salaries are $11,500. Sales commissions each month are 8% of that month's sales. d. Rent expense is $2,800 per month e. Depreciation is $2,200 per month. f. Estimated income tax payments are made at the end of January. The estimated tax payment is projected to be $12,500. g. The cash balance at the end of the prior year was $18,000. Print Done Scotrs Resurant Supply is preparing is cash budgets for the first two months of the upcoming year, Hotel the information about the company's upcoming cash receipts and cash lokho con lo viow the information Requirements 1 Prgpere schedules de la budprted can collections, t) budpeted cath payments for purchases, and tes budgeted cash payments for operating event Show lotu tor each month 2. Prepares combined can budget i no tanong activity takes place, what is the budgeted cash balance on obary 2017 Requitrument ta. Proporchedule of budgeted cash catections for January and February show was for each month and totale for army and February combined Scotro Restaurant Supply Cash Collections Budget For the Month Ended January 31 and February 28 January Colefonon credit sal Total cosh collections

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