1. The Balance Sheet of Marjorie and Trimaine Charles enterprise at September 30 includes the following: (8 points) Cash Accounts Receivable. Inventory Allowance for Bad Debts Bank Loan $60,000 debit. $202,600 debit $18,000 debit $4,400 credit $60,000 credit Trimaine Charles has taken a business degree at Ryerson University and recognizes the importance of maintaining a minimum cash balance. As VP of finance, he has designated $50,000 as the enterprise minimum cash balance. The following information is also available: a. October and November sales are expected to be $560,000 and $672,000 respectively. All sales are credit sales. b. Cash collections in October is $450,200. c. Cash disbursement in October is $290,000 d. Maximum $50,000 is allowed to repay if enough cash is available. e. other monthly expenses are $75,600, which includes $5,600 of depreciation. f. Interest can be ignored on the bank loan. Requirement: Prepare the cash budget for October, taking into consideration any financing or investing.

1. The Balance Sheet of Marjorie and Trimaine Charles enterprise at September 30 includes the following: (8 points) Trimaine Charles has taken a business degree at Ryerson University and recognizes the importance of maintaining a minimum cash balance. As VP of finance, he has designated $50,000 as the enterprise minimum cash balance. The following information is also available: a. October and November sales are expected to be $560,000 and $672,000 respectively. All sales are credit sales. b. Cash collections in October is $450,200. c. Cash disbursement in October is $290,000 d. Maximum $50,000 is allowed to repay if enough cash is available. e. other monthly expenses are $75,600, which includes $5,600 of depreciation. f. Interest can be ignored on the bank loan. Requirement: Prepare the cash budget for October, taking into consideration any financing or investing