17 Cash receipts, disbursements and summary budgets LO5 Hailey's Hats manufactures and distributes hats for every imaginable occasion. Henrietta Hailey started the company in her house three years ago and has been surprised at her success. She is considering an expansion of her business and needs to prepare cash budgeting information for presentation to Second National Bank to secure a loan. Henrietta is not an accountant, so she has asked you to help her with preparing the necessary reports Hailey's Hats began the month with a bank balance of $10000 The budgeted sales for March to June are as follows: March April $14000 $16500 $15500 $17500 May June Cash sales Sales on account Total sales 29000 3000040000 50000 $43000 $46500 $55500 $67 500