Chapter 22, Problem E22.28E

To determine

Concept Introduction:

Budgets: Budgets are prepared to estimate the revenue, costs, receipts and payments for the business. There are several types of budgets prepared for a manufacturing concern. Few major types of budgets prepared by each manufacturing concert are as follows:

• Sales budget
• Cash Collection budget
• Production budget
• Raw material purchase budget
• Expenses Budgets
• Cash disbursement budget

To prepare: A Schedule of Cash payments for Armand for January, February, and March and find the balance in the prepaid properly taxes, Accounts payable, and Utilities payable as of March 31