Question: Bramble Landscaping Inc. is preparing its budget for the first quarter of 2022. The next step in the budgeting process is to prepare a

Bramble Landscaping Inc. is preparing its budget for the first quarter of2022. The next step in the budgeting process is to prepare acash receipts schedule and a cash payments schedule. To that end, thefollowing information has been collected. Clients usually pay 60% of their fee

Bramble Landscaping Inc. is preparing its budget for the first quarter of 2022. The next step in the budgeting process is to prepare a cash receipts schedule and a cash payments schedule. To that end, the following information has been collected. Clients usually pay 60% of their fee in the month that service is performed, 30% the month after, and 10% the second month after receiving service. Actual service revenue for 2021 and expected service revenues for 2022 are November 2021, $76,800; December 2021, $86,400; January 2022, $96,000; February 2022, $115,200; and March 2022, $134,400. Purchases of landscaping supplies (direct materials) are paid 60% in the month of purchase and 40% the following month. Actual purchases for 2021 and expected purchases for 2022 are December 2021, $13,440; January 2022, $11,520; February 2022, $14,400; and March 2022, $17,280. (a) Prepare the following schedules for each month in the first quarter of 2022 and for the quarter in total:

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