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 al input fields. Entora "for any zero balances Round all amounts 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 Cath payments Purchases of domate Director Manufacturing overhead Entut any number in the edit fields and then click Check Artswer 3 parts Clar Check remaining 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 "o" for any zeto balances budget to the nearest whole dollar Enter a cash deficiency with a minus sign or parentheses) Manufacturing overhead Text Selling and administrative expenses a Library Interest expense Total cash payments esources Ending cash balance before financing Study Modules Minimum cash balance desired Projected cash excess (deficiency) ication Tools Financing Borrowing Principal repayments Total effects of financing Fnding cash hanna Enter any number in the edit fields and then dick Check Answer Clear All 3 Pemaining Reference Cash Receipts from Customers Total Total sales January February March 10,600 $ 11,600 $ 11.100 $ January February March 33,300 Total S 6.360 2.120 $ Cash Receipts from Customers: Accounts Receivable balance, January 1 Wanuary--Cash sales January -Credit sales, collection of January sales in January January-Credit sales, collection of January sales in February FebruaryCash sales February-Credif 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 2.120 6.960 2320 s 2320 6,660 2.220 112 72 s Rais 11 anos 1 Print Done Answ westion tered into 6,360 2,120 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 sales in February February-Credit sales collection of February sales in March March-Cash sales March-Credit sales collection of March sales in March S 2 120 6,960 2320 S 2,320 6,660 2.220 11.2005 Total cash receipts from customers S 8,480 $ 11.40015 31.080 Accounts Receivable balance, March 31: MarchCredit sales collection of March sales in April S 2.220 Print Done Ans Check Ar 3 of 3 (2 complete) HW Score: 63.57% ir tal Reference Question s pr View - X view get Who January February March Total entered into nistra 0 Cash Payments Direct Materials: Accounts Payablo balance, January 1 January-Direct material purchases paid in February February-Direct material purchases paid in March Total payments for direct materials $ 3,400 5 e berd 4400 4,400 $ 0 3,400 7,800 ence de ess (h Direct Labor: Total payments for direct labor 2,800 3.600 4.200 10,600 ments nancing Manufacturing Overhead: Ulities for piant Property taxes on plant 560 560 1.120 1.200 1.200 Oce in the Print Done ick Arama CI Question He Reference any has pr con to view con to view sh budget Bearest who Property taxes on plant Total payments for manufacturing overhead 1,200 1,200 2,320 entered intot 1,200 560 560 administra pense 400 460 yments Selling and Administrative Expenses: Utilities for office Property taxes on office Office salaries Total payments for Selling and Admin, expenses olance befd 2. 160 3,500 5,660 920 2,160 10 500 13,580 balance de ah excesso 3,500 3,960 3,500 3,960 $ Total cash payments 9,660 S 11,520 S 13,120$ 34,300 repayments ofinancing Acccount balances, March 31: Prepaid Property Taxes Accounts Payable Unilites Payable S $ 5 2.520 4,300 1.020 balarice mbar in the Prini Dane ck Answer company for January, February and March. (Complete all input fields. Enter a "0" for any zero balances. Rou nter a cash daficione with a minun pian or naranthacae ses 0 More Info - X cing Maynard's beginning cash balance is $3,000 and Maynard desires to maintain a minimum ending cash balance of $3,000. 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. y Print Done