Prepare Haney Company's schedule of cash receipts from customers and schedule of cash payments for the...

  

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Prepare Haney Company's schedule of cash receipts from customers and schedule of cash payments for the first quarter of 2024. Begin by preparing the schedule of cash receipts from customers for the first quarter of 2024. Cash Receipts from Customers Total sales Cash Receipts from Customers: Accounts Receivable balance, December 31, 2023 1st Qtr-Sales Total cash receipts from customers Accounts Receivable balance. March 31, 2024: First Quarter 2024 Requirements 1. Prepare Haney Company's schedule of cash receipts from customers and schedule of cash payments for the first quarter of 2024. 2. Prepare Haney Company's cash budget for the first quarter of 2024. Data table Total sales 209,000 Budgeted purchases of direct materials 40,150 Budgeted direct labor cost 37,100 Budgeted manufacturing overhead costs: Variable manufacturing overhead 1,200 Depreciation 1,400 Insurance and property taxes 6,600 Budgeted selling and administrative expenses: Salaries expense 5,000 Rent expense 1,000 Insurance expense Depreciation expense Supplies expense 1,200 250 2,090 - Prepare Haney Company's schedule of cash receipts from customers and schedule of cash payments for the first quarter of 2024. Begin by preparing the schedule of cash receipts from customers for the first quarter of 2024. Cash Receipts from Customers Total sales Cash Receipts from Customers: Accounts Receivable balance, December 31, 2023 1st Qtr-Sales Total cash receipts from customers Accounts Receivable balance. March 31, 2024: First Quarter 2024 Requirements 1. Prepare Haney Company's schedule of cash receipts from customers and schedule of cash payments for the first quarter of 2024. 2. Prepare Haney Company's cash budget for the first quarter of 2024. Data table Total sales 209,000 Budgeted purchases of direct materials 40,150 Budgeted direct labor cost 37,100 Budgeted manufacturing overhead costs: Variable manufacturing overhead 1,200 Depreciation 1,400 Insurance and property taxes 6,600 Budgeted selling and administrative expenses: Salaries expense 5,000 Rent expense 1,000 Insurance expense Depreciation expense Supplies expense 1,200 250 2,090 -