Prepare monthly cash receipt schedule

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Reference no: EM131995526

Baker Manufacturing has projected sales of:

May $9,000

June $10,000

July $9000

August $15,000

September $10,000

Of these credit sales, 70% are collected the month after the sale and 30% are collected the second month after the sale.

Baker Manufacturing also projects its actual cash payments for each month as follows:

July $8,000

August $9,000

Septemeber $9,000

Baker's beginning cash balance on July 1 is $2,000

A. Prepare a Monthly Cash Receipt Schedule for July, AUgust and Septemeber (In a table & show work)

B. Prepare a Monthly Cash Flow Schedule for July, August and September (In a table & show work)

C. Prepare a Cash Budger (no loans currently exist) for July, August, and Septemeber

Reference no: EM131995526

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