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2) Expected payments for landscaping supplies. GREEN LANDSCAPING INC Schedule of Expected Payments for Landscaping Supplies January February March Quarter December January February March otal payments Determine the following balances at March 31,2020 1) Accounts receivable $ 2) Accounts payable $
Green Landscaping Inc is preparing its budget for the first quarter of 2020. The nextstep in the budgeting processis to prepare a cash receipts schedule and a cash paynents schedule. To that end the following information has been collected Clients usually pay 6 % of their fee in the month that service is performe 0% the month after, and 10% the second month after recen ng service Actual service revenue for 2019 and expected service revenues for 2020 are November 2019, $ 93.200: December 2019,$84640 January 2020,$ 104,020, February 2020. 122,030 and March 2020.$132,570 Purchases of landscaping supplies direct materials) are paid 60% in the north of purchase and 40% the following month. Actual pa data te 2019 and espected i due fo 2020 are December 2019,$ 15,800, January 2020,$ 13,490 February 2020,$ 17,080, and March 2020, $23050 Prepare the following schedules for each month in the first quarter of 2020 and for the quarter in total: (1) Expected collections from dients. GREEN LANDSCAPING INC Schedule of Expected Collections From Clients For the Quarter Ending March 31, 2020 January February March Quarter Novenbe December January February March Total coWections $
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