Required: 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 Complete this question by entering your answers in the tabs below Req 1 Req 2A Req 28 Req 3 Req 4 Prepare an income statement for the quarter ended September 30 Beech Corporation Income Statement For the Quarter Ended September 30 K Req 2B Req 4 Required: 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 endod Septomber 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 Complete this question by entering your answers in the tabs below Req 1 Req 2A Req 20 Req 3 Req 4 Prepare a merchandise purchases budget for July, August, and September. Also mpte total merchandise purchases for the quarter ended September 30. July August September Quarter Total needs Required purchases C Req 1 Req 20 ) 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 handise prchases budget for July, August, and Septembet ANso compute total merchandise puschases for the quarter ended September 30. 2.b. Prepare 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 Complete this question by entering your answers in the tabs below. Rea 1 Reg ZA Req 2 Reg 3 Prepare a schedule of expected cash collections for July, August, and September. Also compute total cash colections for the quarter ended September 30 Schedule of Expected Cash Month July From July saes From August sales From Septomber sales otal cash collections Reg 2A 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. Complete this question by entering your answers in the tabs below Req 1 Req 2AReq 20 Req 3 Req 4 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 Schedule of Cash Disbursements for Purchases July August September Quarter From July purchases From August purchases From September purchases Total cash disbursements EX 8-12 Required information The folowing information applies to the questions displayed below. Beech Corporation is a merchandising company that is preparing a master budget for the third quarter of the calendar 10 points year. The company's balance sheet as of June 30th is shown below Beech Corporation 30 86,000 3,000 75,000 Accounts receivable Plant and equipment, bet of depreeiatien Total assets Liabilities and Stockholders Equity Accounts payable 528,000 90,000 07,000 528, 000 Total liabilities and stockholdere equity Beech's managers have made the following additional assumptions and estimates 1. Estimated sales for July, August, September, and October will be $400,000, $420,000, $410,000, and $430,000, respectively 2. All sales are on credit and all credit sales are collected. Each month's credit sales are collected 35% in the month of sale and 65% in the month following the sale. All of the accounts receivable at June 30 will be collected in July Each month's ending inventory must equal 25% of the cost of next month's sales. The cost of goods sold is 75% of sales. The company pays for 40% of its merchandise purchases in the month of the purchase and the remaining 60% in the month following the purchase. All of the accounts payable at June 30 will be paid in July Monthly selling and administrative expenses are always $56,000. Each month $8,000 of this total amount is depreciation expense and the remaining $48,000 relates to expenses that are paid in the month they are incurred. S. The company does not plan to borrow money or pay or declare dividends during the quarter ended September 30. The compary does not plan to issue any common stock or repurchase its own stock during the quarter ended September 30. 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 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. Complete this question by entering your answers in the tabs below Req 1 Req 2A Req 2B Req 3 Req 4 Prepare a balance sheet as of September 30. Beech Corporation Balance Sheet September 30 Assets Total assets Liabilitios and Stockholders Equity Total liabilities and stockholders' equity Req 3