Submit QUIZ Aqua Ice is a distributor of bottled water. For each item below, compute the amount of cash receipts of payments Aqua loe wil budget for September. The solution te one item may depend on the answer to an earlier item (Click the icon to view the items.) If there is not a cash receipt or payment, enter "0". Round your answers to the nearest whole dollar.) There a. The company expenses 55,900 per month for insurance on its fleet of delivery vehicles. The insurance premium is paid semiannually in September and March There will be cash payments for insurance. The amount would be s b. Management expects to sell 7700 cases of water in August and 9,900 in September Each case sells for $14 Cash sales average 30% of total sales, and credit sales make up the rest. On average, three-fourths of credit sales are collected in the month of sale, with the balance collected the following month There will be cash receipts for the collection of sale revenue The amount would be $ c. The company pays commissions and other expenses of 54,700 per month for commissions and other expenses. The amount would be per month d. A depreciation expense of $5,500 is recognized each month. There for depreciation expense. The amount would be $ o. Aquelce declares $106,000 in dividendo to shareholders of record as of September 14 There for the declaration of dividends to shareholders. The amount would be s f. The payment date for the dividends declared in Parte Is September 30, There when the dividend payment date is September 30. The amount would be $ ck the icon to view the items.) is not a cash receipt or payment, enter "0". Round your answers to the nearest whole dollar.) company expo I More Info Jember will be cash p agement expel ake up there al sale ith will be cash re a. The company expenses $5,900 per month for insurance on its fleet of delivery vehicles. The insurance premium is paid semiannually in September and March b. Management expects to sell 7700 cases of water in August and 9,900 in September. Each case sells for $14. Cash sales average 30% of total sales and credit sales make up the rest On average, three-fourths of credit sales are collected in the month of sale, with the balance collected the following month c. The company pays commissions and other expenses of $4 700 per month d. A depreciation expense of $5,500 is recognized each month e. Aqua Ice declares $106.000 in dividends to shareholders of record as of September 14. f. The payment date for the dividends declared in parte is September 30, company pays preciation expl lce declares Print Done payment date when the dividend payment date is September 30. The amount would be s This Quiz: 35 pls possible Submit Quiz France Company's budgeted data for the upcoming year showed total projected assets of 51,275,000 and total projected liabilities of $810,000 The balance of common shares for the year is projected to remain stable at $247,700. The shareholders' equity section of the balance sheet is made up of common shares and retained earnings No cash dividends will be paid during the year France Company is budgeting net income for the year of $162.000. Prepare a budgetod balance sheet for end of the year. What was the balance of retained earnings at the beginning of the year? Prepare a budgeted balance sheet for end of the year. France Company Budgeted Balance Sheet Total assets Total liabilities Shareholders' equity Common shares Retained earnings Total shareholders' equity Total liabilities and shareholders' equity What was the balance of retained earnings at the beginning of the year? The retained earnings at the beginning of the year was $