tion Help Reference s 12,400 10,200 S 15,800 38,400 January February MarchTotal Total sales ounts ente Cash Receipts from Customers: Receivable balance, January 1 8,680 January-Credit sales, collection of January sales in January redit sales, collectin of January sales in February 1,860 $ 1.860 7.140 1,530 February-Credit sales, collection of February sales in February t sales, collection of February sales in March S 1,530 sales 11,060 Done Print Done er Reference January-Credit sales, collection of January sales in January January-Credit sales, collection of January sales in February February-Cash sales February-Credit sales, collection of February sales in February ebrua 1.860 $1,860 7.140 1,530 t sales, col tion of February sales in March 1,530 11,060 2,370 h sales March-Credit sales, collection of March sales in March Total cash receipts from customers 10,540 s 10,5301 $ 14,9601 $ 36,030 Accounts Receivable balance, March 31: it sales, collection of March sales in April 2,37 Print Done Done Reference Cash Payments Direct Materials: Accounts Payable balance, January 1 January-Direct material purchases paid in February February-Direct material purchases paid in March Total payments for direct materials $ 3,700 $ 4,400 3,700 4,400 $ 8,100 h bal Total payments for direct labor 3,300 3,900 4,300 11,500 le Manufacturing Overhead: mber in Print Done Reference February-Direct material purchases paid in March $ 4,400 Total payments for direct materials 3,700 4,400 $8,100 Total payments for direct labor 3,300 3,900 4,300 11,500 Manufacturing Overhead: Utilities for plant Property taxes on plant Total payments for manufacturing overhead 550 550 1.100 1,440 2,540 1,440 1,440 550 550 Print Done ional information.) d Co whold More Info Maynard's beginning cash balance is $6,000 and Maynard desires to maintain a minimum ending cash balance of $6,000. Maynard borrows cash as needed at the beginning of each month in increments of $1,000 and repays the amounts borrowed in increments of $1,000 at the beginning of months when excess cash is available. The interest rate on amounts borrowed is 17% per year. Interest is paid at the beginning of the month on the outstanding balance from the previous month. Print Done lds and then click Check Answer. Clear All (Click the icon to view the cash receipts schedule.) (Click the icon to view the cash payments schedule.) Click the icon to view the additional information.) Complete a cash budget for Maynard Company for January. February and March. (Complete all answer boxes. Enter into the cash budget to the nearest whole dollar. Enter a cash deficiency with a minus sign or parentheses.) Cash Budget January, February, and March January Beginning cash balance Cash receipts Cash available Cash payments: Purchases of direct materials Direct labor Enter any number in the edit fields and then click Check Answer. parts remaining Clear All Maynard Company has prepared the following schedules and additional information: e icon to view the cash receipts schedule.) (Click the icon to view the cash payments schedule. Click the icon to view the additional information.) Complete a cash budget for Maynard Company for January. February and March. (Complete all answer boxes. Ent into the cash budget to the nearest whole dollar. Enter a cash deficiency with a minus sign or parentheses.) Selling and administrative expenses Interest expense Total cash payments Ending cash balance before financing Minimum cash balance desired Projected cash excess (deficiency) Financing: Borrowing Enter any number in the edit fields and then click Check Answer 3 parts remaining Clear All (Click the icon to view the additional information.) Complete a cash budget for Maynard Company for January, February and March. (Complete all answer boxes. Er into the cash budget to the nearest whole dollar. Enter a cash deficiency with a minus sign or parentheses.) Ending cash balance before financing Minimum cash balance desired Projected cash excess (deficiency) Financing: Borrowing Principal repayments Total effects of financing Ending cash balance Enter any number in the edit fields and then click Check Answer. remaining Clear All