Refer to Problem P22A- 43A.

Requirements
1. Prepare the schedule of budgeted cash receipts from customers for April and May.
2. Prepare the schedule of budgeted cash payments for purchases for April and May.
3. Prepare the schedule of budgeted cash payments for selling and administrative expenses for April and May. Assume 25% of the accrual for Salaries and Commissions Payable is for commissions and 75% is for salaries. The March 31 balance will be paid in April.
4. Prepare the cash budget for April and May. Assume no financing tookplace.

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THUMBTACK OFFICE SUPPLY Balance Sheet March 31, 2014 Assets urent Assets Cash Accounts Receivable Merchandise Inventory Prepaid Insurance Total Current Assets $ 18,000 12,000 16,000 2,200 5 48,200 Property, Plant and Equipment: Equipment and Fixtures Less: Accumulated Depreciation otal Assets 45,000 30,000) 15,000 S 63,200 Liabilities urrent iabilities Accounts Payable Salaries and Commissions Payable otal abilities 12,500 1,400 5 13,900 Stockholders' Equity 16,000 33,300 ommon Stock Retained Earnings 49,300 S 63,200 Total StockholdersEquity otal iabilities and Stockholdrs Equity