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please help me!!!!! need HELP with requirment 5, 6, 7 & 8!! Tune Printing Supply of Balimoce has applied for a loan, lis bank has
please help me!!!!! need HELP with requirment 5, 6, 7 & 8!!
Tune Printing Supply of Balimoce has applied for a loan, lis bank has requested a budgoted income stotement for April 2024 and budgeled baiance sheet at April 30, 2024. The March 31, 2024, balance sheet follows: Bit (Click the icont to view the ballance theet) Read the ceaultements Requirement 2. Pregare the inventory. purchases, and cost of goods sold budget for Aprili, Requirement 3. Prepare the selling and adiministrative expense budget for Apeil Requirentent 4. Prepare the budgeied cash teceipts from customnis for fort Requirement 5, Prepare the bucgeted cash poyments for seling and administrative eqeenses for forl Review the budguted cach receipts from oustomers you prepared above. Reviow the budgeted cash paymints for selting and administrasive espenses you cregured above. Requirement 6. Prepare the cash budget for April. Assume the company does not use short-term financing to maintain a minimum cash balance. Review the budgeted cash receipts from customers you prepared above. Review the budgeted cash payments for selling and administrative expenses you prepared above. Requirement 7. Prepare the budgeted income statement for April. Review the sales budget you prepared above. Review the selling and administrative expense budget you prepared above. Review the inventory, purchases, and cost of goods sold budget you prepared above, Requirement 8. Prepare the budgeted balance sheet at April 30, 2024. Review the cash budget you prepared above. Tune Printing Supply Budgeted Balance Sheet April 30, 2024 Assets Current Assets: Total Current Assets Property, Plant, and Equipment: Total Assets Liabilities Current Liabilities: Total Liabilities Stockholders' Equity Total Stockholders' Equity Total Liabilities and Stockholders' Equity a. April dividends of $3,000 were declared and paid b. April capital expenditures of $10,500 budgeted for cash purchase of equipment c. April depreciation expense, 5000 . d. Cost of poods sold, 40% of sales. e. Desired ending invenilory for April is $27,100. f. April seling and administrative expenses inclute salaries of $29,000,25% of which will bo paid in cash and the remainder paid next month. 9. Additional April selling and ad April budpoted sales, 586,000,50% collecied in Apeil and 50% in May 1. Aptil cash payments of March 31 liabistios incurred for March purchasos of imventory. 58,500 . j. April purchases of inventory, 512,600 for cash it d Requirements 1. Prepare the sales budget for April. 2. Prepare the inventory, putchases, and cost of goods seid budget for. Aperil : 3. Prepare the selling and administrasive expense budget for April 4. Piepare the schedule of cash rece-pts fiom customest tor Aphi: 5. Prepare tre sched ion 6. Prepare the cash budget for April. Assume the compariy does not use short-fetm traincing to maintain a minimum cast balance. 7. Prepare the budgeted income statement for Apeil. 8. Prepare the budgeted balance sheet at April 30, 2024 Step by Step Solution
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