2. In class assignment M.ACCT section 51 You are provided with the following Sales Budget, Purchas Tochte pe Co. for the second quarter of the year 20:20 i ng and administrative expenses budget for Uses Budget April May June Total 35,000 20,2502300076750 2.000 14.000 17000 12.000 37000 34.750 40.000 111,750 Requirement 1 Cash receipt on customer's Budget April May June April Collections Promo Sales From Ward Sales W Purchase Budget April Cash Purchases 13.000 May 17.000 June 24.000 Total 54.000 Total Purchases 16.000 21.000 33,000 72.000 Sales Administrative Expenses Budget 7000 .000 7600 22 600 totale gt Requirement purchase payment Budget Ard Payments For March Purch Tel Art Art Pay 13,050 13.400 14.550 40,750 For My Purch foruch Tea May Purch Pay Requirements Assuming Tech to go is planning to purchase equipment for $9,000 cash during April 2020. Allah are paid when incurred except insurance s which are expiration of prepaid. Prepare the following budgets for the second quarter of the year 2020 For My Purch credits Cash Budget 1-Collections from customers budget Asume be collected during the following month of sale Accounts Receivable at March 31, 2020 $9.000 Dengan balance 2- Payments for purchases budget Asume a credit purchase will be paid during the following month of purchases Account Payable at March 31, 2020 equal $4,000 3. Cash budget assume Cashbalance at March 31 2020 $12,000 4-Determine the amount of Accounts Receivable, Account Payable and cash balance at June 30,2020 Accounts receivable at hune 30 2020 Accounts Payable at June 10, 2020 Cash Balance at June 30, 2020