The following information is from Tejas WindowTint's financial records. Month Sales April $82,000 Purchases $57,000 May 76,000 47,000 June 64,000 July 82,000 35,000 53,000 Collections from customers are normally 69 percent in the month of sale, 18 percent in the month following the sale, and 10 percent in the second month following the sale. The balance is expected to be uncollectible. All purchases are on account. Management takes full advantage of the 1 percent discount allowed on purchases paid for by the tenth of the following month. Purchases for August are budgeted at $67,000, and sales for August are forecasted at $73,000. Cash disbursements for expenses are expected to be $14,600 for the month of August. The company's cash balance on August 1 was $23,000. Required: 1. Prepare the expected cash collections during August. 2. Prepare the expected cash disbursements during August. 3. Calculate the expected cash balance on August 31. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the expected cash collections during August.. TEJAS WINDOW TINT Expected Cash Collections August Month Sales Total Percent Expected Collections % % % $ 0 The following information is from Tejas WindowTint's financial records. Month April Sales Purchases $82,000 $57,000 May 76,000 47,000 June July 64,000 82,000 35,000 53,000 es Collections from customers are normally 69 percent in the month of sale, 18 percent in the month following the sale, and 10 percent in the second month following the sale. The balance is expected to be uncollectible. All purchases are on account. Management takes full advantage of the 1 percent discount allowed on purchases paid for by the tenth of the following month. Purchases for August are budgeted at $67,000, and sales for August are forecasted at $73,000. Cash disbursements for expenses are expected to be $14,600 for the month of August. The company's cash balance on August 1 was $23,000. Required: 1. Prepare the expected cash collections during August. 2. Prepare the expected cash disbursements during August. 3. Calculate the expected cash balance on August 31. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Prepare the expected cash disbursements during August. TEJAS WINDOW TINT Expected Cash Disbursements August July purchases to be paid in August Add: Cash discount Net Cash disbursements for expenses 26,000 Total $ 0 The following information is from Tejas WindowTint's financial records. Purchases $57,000 Month April Sales $82,000 May June July 76,000 47,000 64,000 35,000 82,000 53,000 Collections from customers are normally 69 percent in the month of sale, 18 percent in the month following the sale, and 10 percent in the second month following the sale. The balance is expected to be uncollectible. All purchases are on account. Management takes full advantage of the 1 percent discount allowed on purchases paid for by the tenth of the following month. Purchases for August are budgeted at $67,000, and sales for August are forecasted at $73,000. Cash disbursements for expenses are expected to be $14,600 for the month of August. The company's cash balance on August 1 was $23,000. Required: 1. Prepare the expected cash collections during August. 2. Prepare the expected cash disbursements during August. 3. Calculate the expected cash balance on August 31. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the expected cash balance on August 31. Balance, August 1 TEJAS WINDOW TINT Expected Cash Balance August 31 Add: Expected disbursements Less: Expected collections Expected balance 32,000 +