The following information is available for October 2005.

Beginning cash balance for October is expected to be \($60,000\). The company intends to maintain a cash balance of at least \($50,000\). The company has made arrangements to borrow from a local bank if necessary.
Required: Prepare a cash budget for October 2005.

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Budgeted Receipts from Credit Sales $300,000 Budgeted Cash Sales 80,000 Budgeted Cash Payments 410,000