Question: I don't need calculation please just send its answers as soon as possible . Required 1Required 2 Required 3 Required 4 Calculate the expected cash







I don't need calculation please just send its answers as soon as possible.
Required 1Required 2 Required 3 Required 4 Calculate the expected cash collections for April, May, and June. April May June Quarter Total cash collections157,760 188,800 205,600 552,160 $ 157,760$ 188,800$ Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Calculate the budgeted merchandise purchases for April, May, and June April May June Total Budgeted merchandise purchases 112,200121,200 130,200 363,600 Complete this question by entering your answers in the tabs below. Required 1Required 2 Required 3 Required 4 Calculate the expected cash disbursements for merchandise purchases for April, May, and June. April May 113,100 122,100$ 342,920 June Quarter Budgeted cash disbursements for merchandise purchases$107,7 Required 1 Required 2 Require d 3 Required 4 Prepare a budgeted balance sheet at June 30th. (Hint: You need to calculate the cash paid for selling expenses during April, May, and June to determine the cash balance in your June 30th balance sheet. Deacon Company Balance Sheet June 30 Assets Cash Accounts receivable Inventory Buildings and equipment, (net) of depreciation Total assets Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings Total liabilities and stockholders' equity K Required 3 Required 4 Deacon Company is a merchandising company that is preparing a budget for the three-month period ended June 30th. The following information is available Deacon Company Balance Sheet March 31 Assets Cash Accounts receivable Inventory Buildings and equipment, net of depreciation Total assets $ 68,800 34,000 64,600 122,000 $289,400 Liabilities and stockholders' Equity Accounts payable Common stock Retained earnings Total liabilities and stockholders' equity $ 96,500 70,000 122,900 $ 289,400 Budgeted Income Statements April May $182,000 $192,000 $212,000 115,200 June Sales Cost of goods sold Gross margin Selling and administrative expenses 18,800 Net operating income 127,200 84,800 72,800 76,800 20,30023,30 54,000 56,500 61,500 Budgeting Assumptions a, 60% of sales are cash sales and 40% of sales are credit sales. Twenty percent of all credit sales are collected in the month of sale and the remaining 80% are collected in the month subsequent to the sale. b. Budgeted sales for July are $222,000. | c. 10% of merchandise inventory purchases are paid in cash at the time of the purchase. The remaining 90% of purchases are credit purchases. All purchases on credit are paid in the month subsequent to the purchase. The accounts payable at March 31 will be paid in April. | d. Each month's ending merchandise inventory should equal $10,000 plus 50% of the next month's cost of goods sold. e. Depreciation expense is $1,300 per month. All other selling and administrative expenses are paid in full in the month the expense is incurred. Required: 1. Calculate the expected cash collections for April, May, and June. 2. Calculate the budgeted merchandise purchases for April, May, and June. 3. Calculate the expected cash disbursements for merchandise purchases for April, May, and June. 4. Prepare a budgeted balance sheet at June 30th. (Hint: You need to calculate the cash paid for selling and administrative expenses during April, May, and June to determine the cash balance in your June 30th balance sheet.) Complete this question by entering your answers in the tabs b Required 1 Required 2 Required 3 Required 4 Calculate the exnected cash collections for April May and lune Required 1 Required 2 Required 3 Required 4 Prepare a budgeted balance sheet at June 30th. (Hint: You need to calculate the cash paid for selling and administrative expenses during April, May, and June to determine the cash balance in your June 30th balance sheet.) Deacon Company Balance Sheet June 30 Assets Cash Accounts receivable nventory Buildings and equipment, (net) of depreciation Total assets 0 Liabilities and Stockholders' Equity Accounts payable Common stock Retained earnings Total liabilities and stockholders' equity
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