3. The October 31 balance in the cavh bccount is $53,517. b. All sales are on account. Sales in September were $950,000 and in October were $1,240,000. c. November saies are expected to be $2,145,000. buying staseq. Fiftee percent of parchases are paid in the mooth of purchase, while the remainder is paid in the moneh following the purchuse month. the follbwing menth. 9. Aent for office and warehovse space is 512,300 pald monthir in cash. h - Uahties average $6,100 per merhh and are paid in cash. 1. In Novembed, Khioe expects to pay employment tames of 16,625 . k. Orher cash erpenses for hovember are expected to be \$41,500. Mequiredi Frepare a cash budget for NOlce Combany for the month of November, the following month. Rent for olfice and warehouse spuce is 512,300 paid momtly in cash. Utilies average $6,100 per month and are paid in cash 1. In Novernber, khioe expects to par employment taves of 56,625 . 3. Sonce knice imports product feom crerseas, customs duty arid shipoing to the central location af 30 percent of current monthly puechase cost muat be paid in the month of purchase. k. Other cash expenses for November are eupected to be 541,559 . Required: Pregare a cash budget for khioe Company for the mants of November