h2 Serdnic Reeds, a manufacturer of saxophone, oboe, and clarinet reeds, has projected sales to be $892,000 in October, $966,000 in November, $1,070,000 in December, and $934,000 in January. Serdnic's sales are 30% cash and 70% credit. The company's collection history indicates that credit salesare collected as follows:25% in the month of the sale60% in the month after the sale12% two months after the sale3% are never collectedRequirements1. Prepare a sales budget for all four months, showing the breakdown between cash and credit sales.2. Prepare a cash collection budget for December and January. Round all answers up to the nearest dollar.Requirement 1. Prepare a sales budget for all four months, showing the breakdown between cash and credit sales.Serdnic ReedsSales BudgetFor the Four Months Ended JanuaryOctoberCash salesCredit salesTotal salesNovemberDecemberJanuary

Sales budgets are essential to the process of making strategic decisions. They give management…

anic Reeds, man e collected as follows: % in the month of the sale % in the month after the sale % two months after the sale are never collected equirements saxophone, oboe, nas projected sales vember, sales are The Prepare a sales budget for all four months, showing the breakdown between cash and credit sales. Prepare a cash collection budget for December and January. Round all answers up to the nearest dollar. quirement 1. Prepare a sales budget for all four months, showing the breakdown between cash and credit sales. Serdnic Reeds Sales Budget For the Four Months Ended January October ash sales edit sales November December January

anic Reeds, man e collected as follows: % in the month of the sale % in the month after the sale % two months after the sale are never collected equirements saxophone, oboe, nas projected sales vember, sales are The Prepare a sales budget for all four months, showing the breakdown between cash and credit sales. Prepare a cash collection budget for December and January. Round all answers up to the nearest dollar. quirement 1. Prepare a sales budget for all four months, showing the breakdown between cash and credit sales. Serdnic Reeds Sales Budget For the Four Months Ended January October ash sales edit sales November December January

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Zina Manufacturing Company started and completed Job 501 in December with the following Job Cost Sheet and transferred it to the warehouse. Direct Materials Date Dec 17 Dec 30 Total Direct Labor Amount Date Amount $2,000 Dec 20 $4,000 8,000 Dec 30 3,800 Total Job Cost Sheet - Job No. 501 Total Cost The journal entry to record the transaction is A) WIP Inventory FG Inventory B) Cost of Goods Sold WIP Inventory C) FG Inventory WIP Inventory D) FG Inventory WIP Inventory Debit Credit 35,800 17,800 17,800 Manufacturing Overhead Date Amount Dec 24 $10,000 Dec 30 8,000 Total 35,800 35,800 17,800 17,800 35,800
hrl.3 answer must be in proper format or i will give down vote