Requirement 1. Prepare the sales budget for April.

Note Printing Supply
Sales Budget
For the Month Ended April 30, 2024
	Total budgeted sales

Requirement 2. Prepare the inventory, purchases, and cost of goods sold budget for

April.

Note Printing Supply
Inventory, Purchases, and Cost of Goods Sold Budget
For the Month Ended April 30, 2024
Plus:
Total merchandise inventory required
Less:
Budgeted Purchases

Requirement 3. Prepare the selling and administrative expense budget for

April.

Note Printing Supply
Selling and Administrative Expense Budget
For the Month Ended April 30, 2024
	Variable expenses:
	Fixed expenses:
	Total fixed expenses
	Total selling and administrative expenses

Requirement 4. Prepare the budgeted cash receipts from customers for

April.

Note Printing Supply

Budgeted Cash Receipts from Customers

For the Month Ended April 30, 2024

Current month sales, 55%
Prior month sales, 45%
Total cash receipts

Note Printing Supply
Balance Sheet
March 31, 2024
Assets
Current Assets:
Cash	$50,500
Accounts Receivable	14,900
Merchandise Inventory	12,600
Total Current Assets		$78,000
Property, Plant, and Equipment:
Equipment and Fixtures	80,700
Less: Accumulated Depreciation	(12,600)	68,100
Total Assets		$146,100

Liabilities
Current Liabilities:
Accounts Payable			$8,400
Stockholders' Equity
Common Stock, no par		$24,000
Retained Earnings		113,700
Total Stockholders' Equity			137,700
Total Liabilities and Stockholders' Equity			$146,100