's Restaurant Supply is preparing its cash budgets for the first two months of the upcoming year. Here is the information about the company's upcoming cash receipts and cashdisbursements:

Im gonna need help with all of the requirements

BUS 121 - Managerial Accounting - SP20 - Sec 8304 O/L Natalie Esho 04/17/20 11:28 PM Homework: HW 9 - Chapter 9 Save Score: 0 of 9 pts 8 of 8 (7 complete) HW Score: 73.77%, 39.84 of 54 pts P9-61A (similar to Question Help Roan's Restaurant Supply is preparing its cash budgets for the first two months of the upcoming year. Here is the information about the company's upcoming cash receipts and cash disbursements: ci (Click the icon to view the information.) Requirements 1. Prepare schedules of (a) budgeted cash collections, (b) budgeted cash payments for purchases, and (c) budgeted cash payments for operating expenses. Show totals for each month and totals for January and February combined. 2. Prepare a combined cash budget. If no financing activity takes place, what is the budgeted cash balance on February 28? Requirement la. Prepare a schedule of budgeted cash collections for January and February. Show totals for each month and totals for January and February combined. Roan's Restaurant Supply Cash Collections Budget For the Months Ended January 31 and February 28 January Cash sales Collection on credit sales Total cash collections Enter any number in the edit fields and then click Check Answer. 9 parts Clear All Check Answer remaining o @ 11:28 BUS 121 - Managerial Allbunting - SP20 - Set 8304 UIL Nalalle ESHO U4/11/20 11:28 PM Save Homework: HW 9 - Chapter 9 Score: 0 of 9 pts P9-61A (similar to) 8 of 8 (7 complete) HW Score: 73.77%, 39.84 of 54 pts 1 - More Info Question Help X Roan's Restaurant Supply is preparing its cash budgets for the first two month (Click the icon to view the information.) for January and February Requirements 1. Prepare schedules of (a) budgeted cash collections, (b) budgeted cash combined. 2. Prepare a combined cash budget. If no financing activity takes place, Requirement la. Prepare a schedule of budgeted cash collections for January Roan's Restaurant Supply Cash Collections Budget For the Months Ended January 31 and February 28 January a. Sales are 70% cash and 30% credit. Credit sales are collected 30% in the month of sale and the remainder in the month after sale. Actual sales in December were $54,000. Schedules of budgeted sales for the two months of the upcoming year are as follows: Budgeted Sales Revenue January ....... $61,000 February ..... $68,000 b. Actual purchases of direct materials in December were $23,000. The company's purchases of direct materials in January are budgeted to be $22,500 and $27,000 in February. All purchases are paid 25% in the month of purchase and 75% the following month. Salaries and sales commissions are also paid half in the month earned and half the next month. Actual salaries were $7,500 in December. Budgeted salaries in January are $8,500 and February budgeted salaries are $10,000. Sales commissions each month are 12% of that month's sales. d. Rent expense is $3,400 per month e. Depreciation is $2,200 per month f. Estimated income tax payments are made at the end of January. The estimated tax payment is projected to be $13,000. The cash balance at the end of the prior vear was $18.000 Cash sales Collection on credit sales Total cash collections Enter any number in the edit fields and then click Check Answer. Print Print [Done Done 9 parts Clear All remaining Check