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