Question: will thumbs up please answer fast!! Kendall Ltd. developed the following data for the month of May. Cash balance, May 1st $ 30,750 Cash sales


Kendall Ltd. developed the following data for the month of May. Cash balance, May 1st $ 30,750 Cash sales in May 150,000 Credit sales for the month of: March 100,000 April 75,000 May 125,000 Purchases for the month of: April 112,500 May 100,000 Other expenses in May: Salaries 81,250 Utilities 8,250 Depreciation 25,000 70% of credit sales are collected in the month of sale, 15% in the following month, and 10% in the second month following the sale. 25% of purchases are paid in the month of purchase and the remaining 75% in the following month. 70% of credit sales are collected in the month of sale, 15% in the following month, and 10% in the second month following the sale. 25% of purchases are paid in the month of purchase and the remaining 75% in the following month. 100% of other expenses are paid in the month recorded. Required: Prepare a cash collections and cash payment schedule as well as a cash g budget for the month. If de Total cash sales and collections on account for the month are $ Spl do A do y Total cash available for the month is $ n pret A/ Total cash sales and collections on account for the month are $ Total cash available for the month is $ A/ Payments for purchases during the month are $ A/ Payments for other expenses during the month are $ A/ The ending cash balance for the month is $ A/
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