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Read the requirements. Requirement 1. Prepare a master budget including a budgeted income statement,...

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Accounting

Read the requirements.
Requirement 1. Prepare a master budget including a budgeted income statement, balance sheet, cash budget, and supporting schedules for the months January through March 20x2.
Before we prepare the budgeted income statements, cash budgets, and budgeted balance sheet, let's prepare a sales budget, a schedule of cash collections from customers, a purchases budget, and a schedule
of cash disbursements for purchases. Begin by preparing the sales budget for the January through March quarter.
Schedule a: Sales budget
Requirements
Prepare a master budget including a budgeted income statement,
balance sheet, cash budget, and supporting schedules for the
months January-March 20X2.
Explain why there is a need for a bank loan and what operating sources
provide the cash for the repayment of the bank loan.
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