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    Amoy - Cash Budget

    Uploaded by

    Junzen Ralph Yap
    1) The document summarizes cash receipts, disbursements, purchases, and budgets for Tomlinson Retail Store for May, June, and July 2005. 2) Cash receipts from accounts receivable for May were ₱333,876 while cash disbursements on accounts payable and selling expenses were ₱230,428 and ₱51,964 respectively. 3) Cash balances increased from ₱56,984 in May to ₱101,299 in June and ₱122,751 in July.

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    © All Rights Reserved
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    Amoy - Cash Budget

    Uploaded by

    Junzen Ralph Yap
    126 views10 pages
    1) The document summarizes cash receipts, disbursements, purchases, and budgets for Tomlinson Retail Store for May, June, and July 2005. 2) Cash receipts from accounts receivable for May were ₱333,876 while cash disbursements on accounts payable and selling expenses were ₱230,428 and ₱51,964 respectively. 3) Cash balances increased from ₱56,984 in May to ₱101,299 in June and ₱122,751 in July.

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    1) The document summarizes cash receipts, disbursements, purchases, and budgets for Tomlinson Retail Store for May, June, and July 2005. 2) Cash receipts from accounts receivable for May were ₱333,876 while cash disbursements on accounts payable and selling expenses were ₱230,428 and ₱51,964 respectively. 3) Cash balances increased from ₱56,984 in May to ₱101,299 in June and ₱122,751 in July.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    126 views10 pages

    Amoy - Cash Budget

    Uploaded by

    Junzen Ralph Yap
    1) The document summarizes cash receipts, disbursements, purchases, and budgets for Tomlinson Retail Store for May, June, and July 2005. 2) Cash receipts from accounts receivable for May were ₱333,876 while cash disbursements on accounts payable and selling expenses were ₱230,428 and ₱51,964 respectively. 3) Cash balances increased from ₱56,984 in May to ₱101,299 in June and ₱122,751 in July.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Download as xlsx, pdf, or txt
    You are on page 1of 10

    Tomlinson Retail Store

    Cash Receipts from Accounts Receivable


    2005

    Sales ₱ 357,000.00
    May

    Collections for the month ₱ 211,266.00


    Collections by the end of the month 90,750.00
    Collections by the end of second month 31,860.00
    Cash Receipts from accounts receivable ₱ 333,876.00

    A. Supporting Informations:
    Collections for the month
    Percentage of A/R collected within discount period: 60%
    Percentage of collections after deducting discount: 97%
    Collections by the end of the month
    Percentage for collections made by the end of the month: 25%
    Collections by the end of second month
    Percentage for collections made by the end of second month: 9%
    e
    eceivable

    ₱ 342,000.00 ₱ 360,000.00
    June July

    ₱ 207,774.00 ₱ 199,044.00
    89,250.00 85,500.00
    32,670.00 32,130.00
    ₱ 329,694.00 ₱ 316,674.00
    Tomlinson Retail Store
    Cash Disbursement on Accounts Payable
    2005
    May June

    Payments made for the month 121,500.00 131,544.00


    Payments of the balance for the following month 108,928.00 103,500.00
    Cash disbursement on accounts payable 230,428.00 235,044.00

    Supporting Informations:
    Paid purchases and expenses during the month 54%
    Payment of the balance for the following month 46%

    May June
    No. of Units 11,250.00 12,180.00
    Multiply: Cost per Unit 20.00 20.00
    Cost of Purchases 225,000.00 243,600.00
    July

    132,408.00
    112,056.00
    244,464.00

    July
    12,260.00
    20.00
    245,200.00
    Tomlinson Retail Store
    Purchases Inventory
    2005
    May June
    No. of Units 11,250.00 12,180.00
    Multiply: Cost per Unit ₱ 20.00 ₱ 20.00
    Cost of Purchases ₱ 225,000.00 ₱ 243,600.00

    Supporting Informations:
    Month's ending inventory from next month's sales 130%

    Units
    May June
    Inventory, beg. 15,470 14,820
    Add: Purchases 11,250 12,180
    Less: Inventory, end 14,820 15,600
    Cost of Sales 11,900 11,400
    July
    12,260.00
    ₱ 20.00
    ₱ 245,200.00

    nits
    July
    15,600
    12,260
    15,860
    12,000
    Tomlinson Retail Store
    Cash Disbursement on Selling, General, and Administrative Expenses
    2005

    Payments made for the month


    Payments of the balance for the following month
    Cash disbursement on S, G, & A Expenses

    Supporting Information:
    Payments made for the month
    Paid purchases and expenses during the month
    Payment of the balance for the following month
    Payments of the balance for the following month
    Selling, general and admin expenses of current month sales

    Sales

    Selling, general and admin expenses


    Less: Depreciation Expense
    Total selling, general and admin expenses
    etail Store
    eral, and Administrative Expenses
    5

    May June July

    ₱ 27,837.00 ₱ 26,622.00 ₱ 28,080.00


    24,127.00 23,713.00 22,678.00
    ₱ 51,964.00 ₱ 50,335.00 ₱ 50,758.00

    54%
    46%

    15%

    ₱ 357,000.00 ₱ 342,000.00 ₱ 360,000.00


    May June July
    53,550.00 51,300.00 54,000.00
    2,000.00 2,000.00 2,000.00
    ₱ 51,550.00 ₱ 49,300.00 ₱ 52,000.00
    Tomlinson Retail Store
    Cash Budget
    2005

    May

    Cash, beg. ₱ 5,500.00


    Add: Cash receipts from accounts receivable 333,876.00
    Less: Cash disbursement on accounts payable - 230,428.00
    Cash disbursement on S, G, & A Exp. - 51,964.00
    Cash, end. ₱ 56,984.00
    Retail Store
    Budget
    05

    June July

    ₱ 56,984.00 ₱ 101,299.00
    329,694.00 316,674.00
    - 235,044.00 - 244,464.00
    - 50,335.00 - 50,758.00
    ₱ 101,299.00 ₱ 122,751.00

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