please ignore numbers in chart. chart just shows what i need to ger answers for

question 4 26/ 27/34 ( red divides questions)

Elwood Company projects the following sales for the first three months of the year: $11,200 in January: $10.200 in February, and $10,400 in March The company expects 70% of the sales to be cash and the remainder on account Sales on account are collected 50% in the month of the sale and 50% in the following month. The Accounts Receivable account has a zero balance on January 1. Round to the nearest dollar Read the requirements Requirement 1. Prepare a sch Requirements boolivable on March 31701 an input field is not used, leave Cash Receipts from Custom 1. Prepare a schedule of cash receipts for Elwood for January February, and March. What is the balance in Accounts Receivable on March 31? Total sales 2. Prepare a revised schedule of cash receipts if receipts from sales on account are 60% in the month of the sale, 25% in the month following the sale, and 15% in the second month following the sale. What is the balance in Accounts Cash Receipts from Custom Receivable on March 31? Acnniin. Rahlen SERE Requirement 1. Prepare a schedule of cash receipts for Elwood for January, February, and March What is the balance in Accounts Receivable on March 317 (11 an input field is not used, leave the input field empty. Do not enter a a zero.) Cash Receipts from Customers January February March Total Total sales January February March Total Cash Receipts from Customers: Accounts Receivable balance, January 1 January-Cash sales January-Credit sales, collection of January sales in January January--Credit sales, collection of January sales in February February-Cash sales February-Credit sales, collection of February tales in February February-Credit sales, collection of February sales in March Help Me Solve This Tryt Panes Got More Hain PAN Check AWA Accounts Receivable balance, January 1 January-Cash sales January --Credit sales, collection of January sales in January January-Credit sales, collection of January sales in February February-Cash sales February-Credit sales, collection of February sales in February February --Credit sales, collection of February sales in March March-Cash sales March-Credit sales, collection of March sales in March Total cash receipts from customers Accounts Receivable balance, March 31: MarchCredit sales, collection of March sales in April Data Table January February March Direct materials purchases $ 3,500 $ 3,900 $ 4,100 Direct labor costs 2,700 3,900 4,100 Depreciation on plant 700 700 700 Utilities for plant 440 440 440 Property taxes on plant 260 260 260 Depreciation on office 300 300 300 Utilities for office 650 650 650 Property taxes on office 160 160 160 Office salaries 2,000 2,000 2,000 BI O o HI 89% 99+ 1 Data Table 440 440 440 260 260 260 Utilities for plant Property taxes on plant Depreciation on office Utilities for office Property taxes on office Office salaries 300 650 300 650 300 650 160 160 160 2,000 2,000 2,000 All costs are paid in month incurred except: direct materials, which are paid in the month following the purchase; utilities, which are paid in the month after incurred; and property taxes, which are prepaid for the year on January 2. The Accounts Payable and Utilities Payable Lacounts have a zero balance on January 1 89% O BI 99+ Armand Company has the following projected costs for manufacturing and selling and administrative expenses Click the icon to view the projected costs.) Prepare a schedule of cash payments for Armand for January, February, and March. Determine the balances in Prepaid Property Taxes, Accounts Payable, and Utilities Payable as of March 31. (If an input field is not used in the table leave the input field empty, do not enter a zero.) January February March Total Cash Payments Direct Materials: Accounts Payable balance, January 1 JanuaryDirect material purchases paid in February February--Direct material purchases paid in March Total payments for direct materials Direct Labor: Total payments for direct labor January February March Total Direct Labor: Total payments for direct labor unts M January February March Total Manufacturing Overhead: Utilities for plant Property taxes on plant Total payments for manufacturing overhead ala eri Selling and Administrative Expenses: atel Utilities for office dit Property taxes on office Office salaries Total payments for Selling and Admin. expenses dir x Prepaid property taxes on January 2 9/12 Prepaid property taxes on March 31 9/12 rdir $ 2,160 Acccount balances, March 31: Prepaid Property Taxes Accounts Payable Utilities Payable Data Table x Cash sales, 30% Quarter Ended Nine-Month March 31 June 30 September 30 Total $ 33,000 $ 48,000 $ 40,500 $ 121,500 77,000 112,000 94,500 283,500 110,000 $ 160,000 $ 135,000 $ 405,000 $ Credit sales, 70% Total sales Stewart, Inc sells tire rims. Its sales budget for the nine months ended September 30, 2024, and additional information follow Click the icon to view the budget) (Click the icon to view additional information) Prepare an inventory, purchases, and cost of goods sold budget for each of the first three quarters of the year. Compute cost of goods sold for the entire nine month More Info period In the past, cost of goods sold has boon 40% of total sales. The director of marketing and the financial vice president agree that each quarter's ending inventory should not be below $28.000 plus 10% of cost of goods sold for the following quarter. The marketing director expects sales of $210,000 during the fourth quarter. The January 1 inventory was $18,000 Plus: Stewart, Inc. Inventory, Purchases, and Cost of Goods Sold Budget Nine Months Ended September 30, 2024 Quarter Ended March 31 Plus: 7 Less: Budgeted total sales X = Cost of goods sold COGS cost percentage % X 11 COGS Percent required Amount required in Budgeted total sales percentagem in inventory ending inventory bbreviation used: Q2 = second quarter.) 10% of Q2 COGS + Dollar amount Ending inventory +++++ Nine Months Ended September 30, 2024 Quarter Ended March 31 $ Cost of goods sold Desired ending inventory Total inventory required 52,000 16,200 + I Beginning inventory Purchases Quarter Ended March 31 June 30 Cost of goods sold $ 52,000 16,200 Desired ending inventory Total inventory required = 68,200 Beginning inventory 35,000 Purchases $ 33,200 $ , , Quarter Ended March 31 June 30 September 30 Cost of goods sold 52,000 $ 72,000 Desired ending inventory 16,200 15,200 = Total inventory required 68,200 87,200 35,000 Beginning inventory 16,200 Purchases 33,200 $ 71,000 + $ period. TILTE MIUIUIS Cueu September J, LV24 Quarter Ended Nine-Month March 31 June 30 September 30 Total $ 52,000 $ 16,200 72,000 $ 15,200 62,000 18,200 68,200 35,000 87,200 16,2009 80,200 15,200 $ 33,200 $ 71,000 $ 65,000 Ling Auto Parts, a family-owned auto parts store, began January with $10,200 cash. Management forecasts that collections from credit customers will be $11,900 in January and $15,300 in February. The store is scheduled to receive $5,500 cash on a business note receivable in January. Projected cash payments include inventory purchases ($14,300 in January and $13,300 in February) and selling and administrative expenses ($2,800 each month) Click the icon to view additional information about Ling Auto Parts.) Read the requirements Requirement 1. Prepare Ling Auto Parts' cash budget for January and February Prepare the cash budget by entering in the labels, then enter in the amounts for January first and February next. (Complete all input fields. For entries with a so balance, make sure to enter in the appropriate cell. Use parentheses or a minus sign when entering a deficiency) Ling Auto Parts Cash Budget January and February January February More Info Ling Auto Parts' bank requires a $10,000 minimum balance in the store's checking account. At the end of any month when the account balance falls below $10,000, the bank automatically extends credit to the store in multiples of $1,000. Ling Auto Parts borrows as little as possible and pays back loans in quarterly installments of $2,000, plus 4% APR interest on the entire unpaid principal. The first payment occurs three months after the loan. Requirements 1. Prepare Ling Auto Parts' cash budget for January and February 2. How much cash will Ling Auto Parts borrow in February if collections from customers that month total $14,300 instead of $15,300? Print Done O SI 99+ 87% Cash Management forecasts that ents work Cash available iz/Test Cash payments: Total cash payments Less: Ending cash balance Elwood Company projects the following sales for the first three months of the year: $11,200 in January: $10.200 in February, and $10,400 in March The company expects 70% of the sales to be cash and the remainder on account Sales on account are collected 50% in the month of the sale and 50% in the following month. The Accounts Receivable account has a zero balance on January 1. Round to the nearest dollar Read the requirements Requirement 1. Prepare a sch Requirements boolivable on March 31701 an input field is not used, leave Cash Receipts from Custom 1. Prepare a schedule of cash receipts for Elwood for January February, and March. What is the balance in Accounts Receivable on March 31? Total sales 2. Prepare a revised schedule of cash receipts if receipts from sales on account are 60% in the month of the sale, 25% in the month following the sale, and 15% in the second month following the sale. What is the balance in Accounts Cash Receipts from Custom Receivable on March 31? Acnniin. Rahlen SERE Requirement 1. Prepare a schedule of cash receipts for Elwood for January, February, and March What is the balance in Accounts Receivable on March 317 (11 an input field is not used, leave the input field empty. Do not enter a a zero.) Cash Receipts from Customers January February March Total Total sales January February March Total Cash Receipts from Customers: Accounts Receivable balance, January 1 January-Cash sales January-Credit sales, collection of January sales in January January--Credit sales, collection of January sales in February February-Cash sales February-Credit sales, collection of February tales in February February-Credit sales, collection of February sales in March Help Me Solve This Tryt Panes Got More Hain PAN Check AWA Accounts Receivable balance, January 1 January-Cash sales January --Credit sales, collection of January sales in January January-Credit sales, collection of January sales in February February-Cash sales February-Credit sales, collection of February sales in February February --Credit sales, collection of February sales in March March-Cash sales March-Credit sales, collection of March sales in March Total cash receipts from customers Accounts Receivable balance, March 31: MarchCredit sales, collection of March sales in April Data Table January February March Direct materials purchases $ 3,500 $ 3,900 $ 4,100 Direct labor costs 2,700 3,900 4,100 Depreciation on plant 700 700 700 Utilities for plant 440 440 440 Property taxes on plant 260 260 260 Depreciation on office 300 300 300 Utilities for office 650 650 650 Property taxes on office 160 160 160 Office salaries 2,000 2,000 2,000 BI O o HI 89% 99+ 1 Data Table 440 440 440 260 260 260 Utilities for plant Property taxes on plant Depreciation on office Utilities for office Property taxes on office Office salaries 300 650 300 650 300 650 160 160 160 2,000 2,000 2,000 All costs are paid in month incurred except: direct materials, which are paid in the month following the purchase; utilities, which are paid in the month after incurred; and property taxes, which are prepaid for the year on January 2. The Accounts Payable and Utilities Payable Lacounts have a zero balance on January 1 89% O BI 99+ Armand Company has the following projected costs for manufacturing and selling and administrative expenses Click the icon to view the projected costs.) Prepare a schedule of cash payments for Armand for January, February, and March. Determine the balances in Prepaid Property Taxes, Accounts Payable, and Utilities Payable as of March 31. (If an input field is not used in the table leave the input field empty, do not enter a zero.) January February March Total Cash Payments Direct Materials: Accounts Payable balance, January 1 JanuaryDirect material purchases paid in February February--Direct material purchases paid in March Total payments for direct materials Direct Labor: Total payments for direct labor January February March Total Direct Labor: Total payments for direct labor unts M January February March Total Manufacturing Overhead: Utilities for plant Property taxes on plant Total payments for manufacturing overhead ala eri Selling and Administrative Expenses: atel Utilities for office dit Property taxes on office Office salaries Total payments for Selling and Admin. expenses dir x Prepaid property taxes on January 2 9/12 Prepaid property taxes on March 31 9/12 rdir $ 2,160 Acccount balances, March 31: Prepaid Property Taxes Accounts Payable Utilities Payable Data Table x Cash sales, 30% Quarter Ended Nine-Month March 31 June 30 September 30 Total $ 33,000 $ 48,000 $ 40,500 $ 121,500 77,000 112,000 94,500 283,500 110,000 $ 160,000 $ 135,000 $ 405,000 $ Credit sales, 70% Total sales Stewart, Inc sells tire rims. Its sales budget for the nine months ended September 30, 2024, and additional information follow Click the icon to view the budget) (Click the icon to view additional information) Prepare an inventory, purchases, and cost of goods sold budget for each of the first three quarters of the year. Compute cost of goods sold for the entire nine month More Info period In the past, cost of goods sold has boon 40% of total sales. The director of marketing and the financial vice president agree that each quarter's ending inventory should not be below $28.000 plus 10% of cost of goods sold for the following quarter. The marketing director expects sales of $210,000 during the fourth quarter. The January 1 inventory was $18,000 Plus: Stewart, Inc. Inventory, Purchases, and Cost of Goods Sold Budget Nine Months Ended September 30, 2024 Quarter Ended March 31 Plus: 7 Less: Budgeted total sales X = Cost of goods sold COGS cost percentage % X 11 COGS Percent required Amount required in Budgeted total sales percentagem in inventory ending inventory bbreviation used: Q2 = second quarter.) 10% of Q2 COGS + Dollar amount Ending inventory +++++ Nine Months Ended September 30, 2024 Quarter Ended March 31 $ Cost of goods sold Desired ending inventory Total inventory required 52,000 16,200 + I Beginning inventory Purchases Quarter Ended March 31 June 30 Cost of goods sold $ 52,000 16,200 Desired ending inventory Total inventory required = 68,200 Beginning inventory 35,000 Purchases $ 33,200 $ , , Quarter Ended March 31 June 30 September 30 Cost of goods sold 52,000 $ 72,000 Desired ending inventory 16,200 15,200 = Total inventory required 68,200 87,200 35,000 Beginning inventory 16,200 Purchases 33,200 $ 71,000 + $ period. TILTE MIUIUIS Cueu September J, LV24 Quarter Ended Nine-Month March 31 June 30 September 30 Total $ 52,000 $ 16,200 72,000 $ 15,200 62,000 18,200 68,200 35,000 87,200 16,2009 80,200 15,200 $ 33,200 $ 71,000 $ 65,000 Ling Auto Parts, a family-owned auto parts store, began January with $10,200 cash. Management forecasts that collections from credit customers will be $11,900 in January and $15,300 in February. The store is scheduled to receive $5,500 cash on a business note receivable in January. Projected cash payments include inventory purchases ($14,300 in January and $13,300 in February) and selling and administrative expenses ($2,800 each month) Click the icon to view additional information about Ling Auto Parts.) Read the requirements Requirement 1. Prepare Ling Auto Parts' cash budget for January and February Prepare the cash budget by entering in the labels, then enter in the amounts for January first and February next. (Complete all input fields. For entries with a so balance, make sure to enter in the appropriate cell. Use parentheses or a minus sign when entering a deficiency) Ling Auto Parts Cash Budget January and February January February More Info Ling Auto Parts' bank requires a $10,000 minimum balance in the store's checking account. At the end of any month when the account balance falls below $10,000, the bank automatically extends credit to the store in multiples of $1,000. Ling Auto Parts borrows as little as possible and pays back loans in quarterly installments of $2,000, plus 4% APR interest on the entire unpaid principal. The first payment occurs three months after the loan. Requirements 1. Prepare Ling Auto Parts' cash budget for January and February 2. How much cash will Ling Auto Parts borrow in February if collections from customers that month total $14,300 instead of $15,300? Print Done O SI 99+ 87% Cash Management forecasts that ents work Cash available iz/Test Cash payments: Total cash payments Less: Ending cash balance