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P22-23A Preparing a financial budget

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P22-23A Preparing a financial budget [30 min]

Refer to P22-22A.

Requirements
1. Prepare the schedule of budgeted cash collections from customers for April and May.
2. Prepare the schedule of budgeted cash payments for purchases for April and May.
3. Prepare the schedule of budgeted cash payments for operating expenses for April and May.
4. Prepare the cash budget for April and May. Assume no financing took place.

Note: Problems 22-22A and 22-23A must be completed before attempting Problem 22-24A.
Thumbtack’s March 31, 2012, budgeted balance sheet follows:


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