Required information

Required:

$1.$ Prepare a schedule of expected cash collections for July, August, and September. Also, compute total cash collections for the quarter ended September $30.$

$2-$a$.$ Prepare a merchandise purchases budget for July, August, and September. Also, compute total merchandise purchases for the quarter ended September $30.$

$2-$b$.$ Prepare a schedule of expected cash disbursements for merchandise purchases for July, August, and September. Also, compute total cash disbursements for merchandise purchases for the quarter ended September $30.$

$3.$ Prepare an income statement for the quarter ended September $30.$

$4.$ Prepare a balance sheet as of September $30.$