Here are some important figures from the budget of Nashville Nougats, Inc., for the second quarter of 2015:

The company predicts that 5 percent of its credit sales will never be collected, 35 percent of its sales will be collected in the month of the sale, and the remaining 60 percent will be collected in the following month. Credit purchases will be paid in the month following the purchase.
In March 2015, credit sales were $235,000 and credit purchases were $161,300. Using this information, complete the following cash budget:

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April Credit sales Credit purchases Cash disbursements May $349,500 169,300 June $420,500 200,300 $374,400 148,900 Wages, taxes, and expenses Interest Equipment purchases 54,340 12,580 88,800 70,300 12,580 135,000 75,170 12,580 April May June $135,000 Beginning cash balance Cash receipts Cash collections from credit sales Total cash available Cash disbursements Purchases Wages, taxes, and expenses Interest Equipment purchases Total cash disbursements Ending cash balance