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quirement Instructions Use the following information provided by Buster Company to complete requirements 1-4. begin{tabular}{|c|l|r|r|} hline 2 & December 31,2023, account balances: & hline
quirement Instructions Use the following information provided by Buster Company to complete requirements 1-4. \begin{tabular}{|c|l|r|r|} \hline 2 & December 31,2023, account balances: & \\ \hline 3 & Cash & & $23,000 \\ \hline 4 & Accounts Receivable & & 20,000 \\ \hline 5 & Merchandise Inventory & & 15,000 \\ \hline 6 & Accounts Payable & 12,000 \\ \hline 7 & Salaries and Commissions Payable & & 2,600 \\ \hline 8 & & & \\ \hline 9 & Budgeted amounts for 2024: & January & February \\ \hline 10 & Sales, all on account & $84,000 & $85,300 \\ \hline 11 & Purchases, all on account & 40,800 & 41,100 \\ \hline 12 & Commissions Expense & 4,200 & 4,265 \\ \hline 13 & Salaries Expense & 3,000 & 3,000 \\ \hline 14 & Rent Expense & 1,800 & 1,800 \\ \hline 15 & Depreciation Expense & 400 & 400 \\ \hline 16 & Insurance Expense & 100 & 100 \\ \hline 17 & Income Tax Expense & 2,200 & 2,200 \\ \hline \end{tabular} 18 Requirement 1 Buster Company Schedule of Cash Receipts Two months ended February 28, 2024 \begin{tabular}{|l|l|l|c|} \hline & January & February & Total \\ \hline Current month's sales, 80% & & \\ \hline Prior month's sales, 20% & & & \\ \hline Total Cash Receipts & & & \\ \hline \end{tabular} Requirement 2
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