E$8-18($Algo$)$ Preparing Cash Recelpts and Cash Payments Budgets $[$LO $8-4]$

Martin Clothing Company is a retail compary that selts hbing and other outdoor gear specially made for the desed heat it sells lo individuals as well as local companies that coordinate adventure getawoys in the desert for lourists. The following information is available for several months of the curent year:

$\backslash$table$[[$Salet$,$Crih Expenses$],[],[$Juhe$,\backslash$table$[[591,$ Fve$],[111,46]],158,009,520,002],[$tuly$,,94,$ A$6$t$,14,509],[$Augast$,\backslash$table$[[112,$ ave$],[313,$ ent$]],117,493,34\mathrm{.}714],[,,74,$ an$9,33,$ CNO$]]$

The majority of Martin's sales $(70$ pevcent$)$ are cash. but a feew of the ewcursion companies purchase on credit Of the credit salers, $40$ percent are collected in the month of sale and $60$ percent are colected in the following month. All of Martin's purchases are on account with $55$ percent paid in the month of purchase and $45$ percent paid the following month.

Required:

$4.$ Defermine budgeted cash collections for Jhy and August.

$2.$ Determine budgeted cash parments for Jay and August.

Complete this questien by entering your answers in the tabs belew.

Determine budgeted cash payments for July and Aupust.