Question

Refer to Problem P22A- 52B.

.:.

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 expense for April and May. Assume 25% of the accrual for Sales 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 took place.



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  • CreatedJanuary 16, 2015
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