Stacey's Landscaping Solutions provides services to landlords and property owners. The following data relates to the expected operations for the three months of October to December 2022. . Credit Services provided Receipts from Debtors Cash services provided Payment to Suppliers Credit Purchases of supplies . October 18 000 20 000 1.950 4 800 3 900 November 12 000 30 000 250 2 13 500 2150 Additional Information: Stacey plans to purchase new Equipment in October of $12,000 cash . The old equipment is expected to be sold in November for $4,000 . Salaries paid each month are $8,500 . Administrative costs paid each month are $2,000 . Depreciation on equipment in October is $500 and will increase to $1,200 each month from November due to the new equipment purchased. Stacey likes to keep a minimum cash balance of $12,000 each month . The cash balance as at 30 September 2022 was $15.000. December 12400 5000 3.300 4 800 1890 Required: Prepare a cash budget on a monthly basis for the three months ending December 2022. for the toolbar, press ALT+F10(PC) or ALT-IN-10(Mac
Stacey's Landscaping Solutions provides services to landlords and property owners. The following data relates to the expected operations for the three months of October to December 2022. . Credit Services provided Receipts from Debtors Cash services provided Payment to Suppliers Credit Purchases of supplies . October 18 000 20 000 1.950 4 800 3 900 November 12 000 30 000 250 2 13 500 2150 Additional Information: Stacey plans to purchase new Equipment in October of $12,000 cash . The old equipment is expected to be sold in November for $4,000 . Salaries paid each month are $8,500 . Administrative costs paid each month are $2,000 . Depreciation on equipment in October is $500 and will increase to $1,200 each month from November due to the new equipment purchased. Stacey likes to keep a minimum cash balance of $12,000 each month . The cash balance as at 30 September 2022 was $15.000. December 12400 5000 3.300 4 800 1890 Required: Prepare a cash budget on a monthly basis for the three months ending December 2022. for the toolbar, press ALT+F10(PC) or ALT-IN-10(Mac
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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
Transcribed Image Text:Stacey's Landscaping Solutions provides services to landlords and property owners.
The following data relates to the expected operations for the three months of October to December 2022.
.
Credit Services provided
Receipts from Debtors
Cash services provided
Payment to Suppliers
Credit Purchases of
supplies
October
18 000
20 000
1.950
4 800
3 900
.
November
12 000
30 000
250
2
13 500
2150
Additional Information:
Stacey plans to purchase new Equipment in October of $12,000 cash
. The old equipment is expected to be sold in November for $4,000
. Salaries paid each month are $8,500
December
12400
5.000
3.300
4 800
1890
. Administrative costs paid each month are $2,000
Depreciation on equipment in October is $500 and will increase to $1,200 each month from November due to the new equipment purchased.
Stacey likes to keep a minimum cash balance of $12,000 each month
• The cash balance as at 30 September 2022 was $15.000.
Required:
Prepare a cash budget on a monthly basis for the three months ending December 2022.
for the toolbar, press ALT+F10(PC) or ALT-IN-10(Mac
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