hi! please use the first two photos as a guide that has all of the criteria. the other photos were taken from another problem to show all the necessary work. thank you so much

the first 2 photos provide all the information needed to solve the problem.

Next question John's Restaurant Supply is preparing its cash budgets for the first two months of the upcoming year. Here is the information about the company's upcoming cash receipts and cash disbursements: (Click the icon to view the information.) Requirements 1. Prepare schedules of (a) budgeted cash collections, (b) budgeted cash payments for purchases, and (c) budgeted cash payments for operating expenses. Show totals for each month and totals for January and February combined. 2. Prepare a combined cash budget. If no financing activity takes place, what is the budgeted cash balance on February 28? Requirement 1a. Prepare a schedule of budgeted cash collections for January and February. Show totals for each month and totals for January and February combined. John's Restaurant Supply Cash Collections Budget For the Months Ended January 31 and February 28 January Cash sales Collection on credit sales Total cash collections More info a. Sales are 65% cash and 35% credit. Credit sales are collected 30% in the month of sale and the remainder in the month after sale. Actual sales in December were $53,000. Schedules of budgeted sales for the two months of the upcoming year are as follows: Budgeted Sales Revenue January 58,000 February 72,000 b. Actual purchases of direct materials in December werd$24,500. The company's purchases of direct materials in January are budgeted to be $24,000 and $26,500 in February. All purchases are paid 30% in the month of purchase and 70% the following month. ..$ ..$ c. Salaries and sales commissions are also paid half in the month earned and half the next month. Actual salaries were $8,000 in December. Budgeted salaries in January are $9,000 and February budgeted salaries are $10,500. Sales commissions each month are 10% of that month's sales. d. Rent expense is $3,000 per month. e. f. A I Depreciation is $2,200 per month. Estimated income tax payments are made at the end of January. The estimated tax payment is projected to be $11,500. The nach balance at the end of the prior unor use $22.000. K January $ IES February Cash sales Collection on credit sales Total cash collections b. Prepare a schedule of budgeted cash payments for purchases for January and February. Show totals for each month and totals for January and February combined. Brian's Restaurant Supply 36,600 $ 21,880 58,480 $ Total 42,600 $ 25,600 68,200 $ 79,200 47,480 126,680 totals for Brian's Restaurant Supply Cash Payments for Material Purchases Budget For the Months Ended January 31 and February 28 January February 40% of current month DM purchases 60% of last month's DM purchases 9,400 $ 15,300 24,700 $ 11,200 $ 14,100 25,300 $ Total 20,600 29,400 50,00 Total cash payments c. Prepare a schedule of budgeted cash payments for operating expenses for January and February. Show totals for each month and totals for January and February combined. (If an input field is not used in the table, leave the input field empty; do not enter a zero. Round all amounts to the nearest dollar.) and Fat c. Prepare a schedule of budgeted cash payments for operating expenses for January and February. Show totals for each month and totals for January and February combined. (If an input field is not used in the table, leave the input field empty; do not enter a zero. Round all amounts to the nearest dollar.) Brian Restaurant Supply Cash Payments for Operating Expenses Budget For the Months Ended January 31 and February 28 January February Variable cash operating expenses: Sales commissions: December Sales commissions: January Sales commissions: February Total variable cash operating expenses Fixed cash operating expenses: Sales salaries: December 2,080 2,440 $ 4,520 3,500 2,440 2,840 5,280 Total 2,080 4,880 2,840 9,800 3,500 Requirements 1. Prepare schedules of (a) budgeted cash collections, (b) budgeted cash payments for purchases, and (c) budgeted cas payments for operating expenses. Show totals for each month and totals for January and February combined. 2. Prepare a combined cash budget. If no financing activity takes place, what is the budgeted cash balance on February 2 Fixed cash operating expenses: Sales salaries: December Sales salaries: January Sales salaries: February Rent expense Tax expense Total fixed cash operating expenses $ 3,500 4,000 3,500 14,000 25,000 29,520 $ 4,000 4,750 3,500 Delante Dentint Cinn Y 12,250 17,530 $ 3,500 8,000 4,750 7,000 14,000 37,250 47,050 Total cash payments for operating expenses Requirement 2. Prepare a combined cash budget for January and February. If no financing activity takes place, what is the budgeted cash balance on February 28? budgeted cash balance on February 28? Beginning cash balance Plus: Cash collections from customers Total cash available Less cash payments: Direct materials purchases Operating expenses Brian's Restaurant Supply Combined Cash Budget For the Months Ended January 31 and February 28 January February Total cash payments Ending cash balance Get more help. Clear all 2 months Check