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6 8 Don Use the following information to prepare the September cash budget for PTO Company, Ignore the loan activity section of the budget a. Beginning cash balance, September 1, $50,000. b. Budgeted cash receipts from September sales, $261,000 c. Direct materials are purchased on credit. Purchase amounts are August (actual), $74,000, and September (budgeted) $106.000 Payments for direct materials follow: 65% in the month of purchase and 35% in the first month after purchase. d. Budgeted cash payments for direct labor in September, $32,000 e. Budgeted depreciation expense for September, $3,600. 4. Budgeted cash payment for dividends in September $56,000. 9. Budgeted cash payment for income taxes in September, $10,300. h. Budgeted cash payment for loan interest in September, $1,500. ebook Boerens PTO COMPANY Cash Budget ber Beginning cash balance Totalcanhavalable Total cash payments Ending cash balance