$4$

EX $9-26($Algo$)$ Cash Budgeting $($LO $9-3,9-5)$

The following information is from Tejas WindowTint's financial records.

Collections from customers are normally $70$ percent in the month of sale, $19$ percent in the month following the sale, and $9$ percent in

the second month following the sale. The balance is expected to be uncollectible. All purchases are on account. Management takes

full advantage of the $4$ percent discount allowed on purchases paid for by the tenth of the following month. Purchases for August are

budgeted at $$64,000,$ and sales for August are forecasted at $$70,000.$ Cash disbursements for expenses are expected to be $$15,000$

for the month of August. The company's cash balance on August $1$ was $$35,000.$

Required:

Prepare the expected cash collections during August.

Prepare the expected cash disbursements during August.

Calculate the expected cash balance on August $31.$

Complete this question by entering your answers in the tabs below.

Required $1$

Required $2$

Prepare the expected cash collections during August.

TEJAS WINDOW T$4$

EX $9-26($Algo$)$ Cash Budgeting $($LO $9-3,9-5)$

The following information is from Tejas WindowTint's financial records.

Collections from customers are normally $70$ percent in the month of sale, $19$ percent in the month following the sale, and $9$ percent in

the second month following the sale. The balance is expected to be uncollectible. All purchases are on account. Management takes

full advantage of the $4$ percent discount allowed on purchases paid for by the tenth of the following month. Purchases for August are

budgeted at $$64,000,$ and sales for August are forecasted at $$70,000.$ Cash disbursements for expenses are expected to be $$15,000$

for the month of August. The company's cash balance on August $1$ was $$35,000.$

Required:

Prepare the expected cash collections during August.

Prepare the expected cash disbursements during August.

Calculate the expected cash balance on August $31.$

Complete this question by entering your answers in the tabs below.

Required $1$

Required $2$

Prepare the expected cash collections during August.

TEJAS WINDOW TINT

Expected Cash Collections

AugustINT

Expected Cash Collections

August