Requirement $1.$ Prepare the sales budget for April.

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

Data table

Requirement $4.$ Prepare the budgeted cash receipts from customers for April.

Box Printing Supply

Budgeted Cash Receipts from Customers

For the Month Ended April $30,$

Current month sales, $60\%$

Prior month sales, $40\%$

Total cash receipts

Requirement $5.$ Prepare the budgeted cash payments for selling and administrative

Budgeted Cash Payments for Selling and Administrative Expenses

For the Month Ended April $30,2024$

Miscellaneous expenses

Fixed expenses:

$30\%$ of current month's salaries expense

Total payments for selling and administrative expenses

Requirement $6.$ Prepare the cash budget for April. Assume the company does not use short$-$term financ

Review the budgeted cash receipts from customers you prepared above.

Review the budgeted cash payments for selling and administrative expenses you prepared above.

Box Printing Supply

Cash Budget

For the Month Ended April $30,2024$

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a$.$ April dividends of $$2,500$ were declared and paid.

b$.$ April capital expenditures of $$16,600$ budgeted for cash purchase of equipment.

c$.$ April depreciation expense, $$800.$

d$.$ Cost of goods sold, $50\%$ of sales.

c$.$ Desired ending inventory for April is $$21,200.$

f$.$ April selling and administrative expenses include salanes of $$29,000,30\%$ of which will be paid in cash and the remainder paid next month.

g$.$ Additional April selling and administrative expenses also include miscellaneous expenses of $10\%$ of sales, all paid in April.

h$.$ April budgeted sales, $$80,000,60\%$ collected in April and $40\%$ in May.

April cash payments of March $31$ liabilities incurred for March purchases of inventory, $$8,700.$

April purchases of inventory, $$12,100$ for cash and $$37,200$ on account. Half the credit purchases will be paid in April and half in May.

Requirements

Prepare the sales budget for April.

Prepare the inveritory, purchases, and cost of goods sold budget for April.

Prepare the selling and administrative expense budget for April.

Prepare the schedule of cash receipts from customers for April.

Prepare the schedule of cash payments for selling and administrative expenses for April.

Prepare the cash budget for April. Assume the company does not use short$-$term financing to maintain a minimum cash balance.

Prepare the budgeted income statement for April.

Prepare the budgeted balance sheet at April $30,2024.$