Question Help Maynard Company has prepared the following schedules and additional information: (Click the icon to view the cash receipts schedule.) (Click the icon to view the cash payments schedule.) (Click the icon to view the additional information.) Complete a cash budget for Maynard Company for January, February and March. (Complete all input fields. Enter a "0" for any zero baianoes. Round all amounts entered into the cash budget to the nearest whole door. Enter a cash deficiency with a minus sign or parentheses.) Maynard Company Cash Budget January, February, and March January Beginning cash balance Cash receipts Cash available Enter any number in the edit fields and then click Check Answer 3 parts remaining Clear All Check Answer i Reference 1 Cash Receipts from Customers Total mc Total sales January February March 14,300 $ 10,200 $ 15,800 $ January February March 40,300 Total 11,440 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 Christellation and in a 1.430 $ 1,430 8,160 1 han Print Done i Reference - MO , varu 1,430 8,160 1,020 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 $ 1,020 12,640 1,580 15,240 $ 12,870 $ 10,610 $ 38,720 Accounts Receivable balance, March 31: March --Credit sales, collection of March sales in April 1.580 Print Done i Reference January February March Total Cash Payments Direct Materials: Accounts Payable balance, January 1 January-Direct material purchases paid in February February-Direct material purchases paid in March Total payments for direct materials $ 3,600 S 0 4.100 4,100 $ 3,600 7,700 Direct Labor: Total payments for direct labor 2,600 3,100 3,700 9,400 Print Done er i Reference - Direct Labor: Total payments for direct labor 2,600 3,100 3,700 9,400 Manufacturing Overhead: Utilities for plant Property taxes on plant Total payments for manufacturing overhead 550 550 1,100 3,000 3,000 3,000 550 550 4,100 Selling and Administrative Expenses: Utilities for office 630 630 1,260 Property taxes on office 1,920 1,920 Print Done i More Info ro nl C Maynard's beginning cash balance is $3,500 and Maynard desires to maintain a minimum ending cash balance of $3,500. Maynard borrows cash as needed at the beginning of each month in increments of $1,000 and repays the amounts borrowed in increments of $1,000 at the beginning of months when excess cash is available. The interest rate on amounts borrowed is 12% per year. Interest is paid at the beginning of the month on the outstanding balance from the previous month. Print Done Maynard Company has prepared the following schedules and additional information: (Click the icon to view the cash receipts schedule.) (Click the icon to view the cash payments schedu iClick the icon to view the additional information.) Complete a cash budget for Maynard Company for January, February and March. (Complete all input fields. Ente entered into the cash budget to the nearest whole dollar. Enter a cash deficiency with a minus sign or parentheses Maynard Company Cash Budget January, February, and March January Beginning cash balance Cash receipts Cash available Enter any number in the edit fields and then click Check Answer. Maynard Company has prepared the following schedules and additional information: (Click the icon to view the cash receipts schedule.) (Click the icon to view the (Click the icon to view the additional information.) Complete a cash budget for Maynard Company for January, February and March. (Comple entered into the cash budget to the nearest whole dollar. Enter a cash deficiency with a min var payments. Purchases of direct materials Direct labor Manufacturing overhead Selling and administrative expenses Interest expense Total cash payments Ending cash balance before financing Enter any number in the edit fields and then click Check Answer. 3 parts remaining Clear All Maynard Company has prepared the following schedules and additional information: (Click the icon to view the cash receipts schedule.) (Click the icon to view the cash payments sch Click the icon to view the additional information.) Complete a cash budget for Maynard Company for January, February and March. (Complete all input fields. E entered into the cash budget to the nearest whole dollar. Enter a cash deficiency with a minus sign or parenth Total cash payments Ending cash balance before financing Minimum cash balance desired Projected cash excess (deficiency) Financing: Borrowing Principal repayments Enter any number in the edit fields and then click Check Answer. 3 parts remaining Clear All Minimum cash balance desired Projected cash excess (deficiency) Financing: Borrowing Principal repayments Total effects of financing Ending cash balance Enter any number in the edit fields and then click Check Answer. 3 parts remaining Clear All