Information pertaining to sugarland's sales revenue is presented in the following table: february march april cash sales $ 160,000 $ 150,000 $ 120,000 credit sales 300,000 400,000 280,000 total sales $ 460,000 $ 550,000 $ 400,000 management estimates that 5% of credit sales are not collectible. of the credit sales that are collectible, 60% are collected in the month of sale and the remainder in the month following the sale. cost of purchases of inventory each month is 70% of the next month's projected total sales. all purchases of inventory are on account; 25% are paid in the month of purchase, and the remainder is paid in the month following the purchase. required: 1. calculate sugarland's budgeted total cash receipts in march. 2. calculate sugarland's budgeted total cash receipts in april. 3. calculate sugarland's budgeted total cash payments in february for inventory purchases. 4. calculate sugarland's budgeted total cash payments in march for inventory purchases.

During january 2018, the following transactions occur: january 1 purchase equipment for $20,600. the company estimates a residual value of $2,600 and a five-year service life. january 4 pay cash on accounts payable, $10,600. january 8 purchase additional inventory on account, $93,900. january 15 receive cash on accounts receivable, $23,100 january 19 pay cash for salaries, $30,900. january 28 pay cash for january utilities, $17,600. january 30 firework sales for january total $231,000. all of these sales are on account. the cost of the units sold is $120,500. the following information is available on january 31, 2018. depreciation on the equipment for the month of january is calculated using the straight-line method. the company estimates future uncollectible accounts. at the end of january, considering the total ending balance of the accounts receivable account as shown on the general ledger tab, $4,100 is now past due (older than 90 days), while the remainder of the balance is current (less than 90 days old). the company estimates that 50% of the past due balance will be uncollectible and only 3% of the current balance will become uncollectible. record the estimated bad debt expense. accrued interest revenue on notes receivable for january. unpaid salaries at the end of january are $33,700. accrued income taxes at the end of january are $10,100