1. Calculate the expected cash collections for December.

2. Calculate the expected cash disbursements for merchandise purchases for December.

Total cash collections
Cash disbursements for merchandise purchases

Prepare a cash budget for December. Indicate in the financing section any borrowing that will be needed during the month. Assume that any interest will not be paid until the following month.

Ashton Company
Cash Budget
For the Month of December
Beginning cash balance
Add collections from customers
Total cash available
Less cash disbursements:
Payments to suppliers for inventory
Selling and administrative expenses
New web server
Dividends paid
Total cash disbursements
Excess (deficiency) of cash available over disbursements
Financing:
Borrowings
Repayments
Interest
Total financing
Ending cash balance

my apologies on missing this information

Check my work You have been asked to prepare a December cash budget for Ashton Company, distributor of exercise equipment. The following information is available about the company's operations a. The cash balance on December is $46,000 b. Actual sales for October and November and expected sales for December are as follows! Cash sales Sales on account October November December $78,200 $ 77,600 S 95,000 $ 460,000 $ 534,000 5 606,000 Sales on account are collected over a three-month period as follows 20% collected in the month of sale, 60% collected in the month following sale, and 18% collected in the second month following sale. The remaining 25 is uncollectible c. Purchases of inventory will total $352,000 for December Thirty percent of a month's inventory purchases are paid during the month of purchase. The accounts payable remaining from November's inventory purchases total $209.000, all of which will be paid in December d. Selling and administrative expenses are budgeted at $505,000 for December of this amount, $60,700 is for depreciation e A new web server for the Marketing Department costing $102.000 will be purchased for cash during December and dividends totaling $16,500 will be paid during the month Next