signed Media company's upcoming cash Bret's Restaurant Supply is preparing its cash budget for the first months of the coming Here is the woman wout Click the icon to view the information) Requirements 1. Prepare schedules of (a) budgeted cash collections, budged cash payments for purchandbu c h 2. Prepare a combined cash budget If no financing activity takes place what is the bu s h bacon orary 287 and cash disbursements forring Show ch and r a nd Requirement la Prepare a schedule of budgeted cash collections for January and February Sh o reach month and r ury and orary combined Brett's Restaurant Supply Cash Collections Budget For the Months Ended January 31 and February 28 U More Info Cash sales Collection on credt sales Total cash collections Sales are 60% cash and credit Credits are collected in the month of and the remainder in the month after sale. Acual sales in December were $50.000 Schedules of budgeted sales for the two months of the upcoming year are n ow Budgeted Sales Revenue January $60.000 February b. Actual purchases of direct materials in December were $25,500. The company's p hases of direct materials in January are bugeted to be $21,000 and $27.000 in Ferry Alphases are paid 30% in the month of purchase and on the following month c. Salaries and sales comissions are also paid half in the month came and at the next month Actual salaries were $10,000 in December Budgeted sales in January are $11.000 and abrary budgeted sanes are $12.000. Sales comissions each month are 107 of that month's sales d. Rent expenses $2.900 per month e Depreciation is $2.500 per month 1 Estimated income tax payments are made at the end of January. The estimated tax payments Decide 9. The cash balance at the end of the prior year was $23.000 Enter any number in the edit folds and then click Check Answer a pars 9 remaining signed Media company's upcoming cash Bret's Restaurant Supply is preparing its cash budget for the first months of the coming Here is the woman wout Click the icon to view the information) Requirements 1. Prepare schedules of (a) budgeted cash collections, budged cash payments for purchandbu c h 2. Prepare a combined cash budget If no financing activity takes place what is the bu s h bacon orary 287 and cash disbursements forring Show ch and r a nd Requirement la Prepare a schedule of budgeted cash collections for January and February Sh o reach month and r ury and orary combined Brett's Restaurant Supply Cash Collections Budget For the Months Ended January 31 and February 28 U More Info Cash sales Collection on credt sales Total cash collections Sales are 60% cash and credit Credits are collected in the month of and the remainder in the month after sale. Acual sales in December were $50.000 Schedules of budgeted sales for the two months of the upcoming year are n ow Budgeted Sales Revenue January $60.000 February b. Actual purchases of direct materials in December were $25,500. The company's p hases of direct materials in January are bugeted to be $21,000 and $27.000 in Ferry Alphases are paid 30% in the month of purchase and on the following month c. Salaries and sales comissions are also paid half in the month came and at the next month Actual salaries were $10,000 in December Budgeted sales in January are $11.000 and abrary budgeted sanes are $12.000. Sales comissions each month are 107 of that month's sales d. Rent expenses $2.900 per month e Depreciation is $2.500 per month 1 Estimated income tax payments are made at the end of January. The estimated tax payments Decide 9. The cash balance at the end of the prior year was $23.000 Enter any number in the edit folds and then click Check Answer a pars 9 remaining