5 6 Credit Sales 7 Credit Purchases 8 Cash Disbursements: 9 10 11 Equipment Purchases 12 13 14 15 16 17 18 19 20 21 22 Beginning cash balance 23 Cash receipts: 24 Cash collections from credit sales 25 Total cash available 26 Cash disbursements: 27 Purchases 28 Salaries 29 Rent 30 Equipment purchases 31 Total disbursements 32 33 Ending cash balance Salaries Rent $ $ $ $ $ January $ 80,000.00 $ 34,000.00 $ 4,000.00 $ 1,500.00 $ 25,000.00 February 70,000.00 $ 32,000.00 $ January 100,000.00 3,500.00 $ 1,500.00 $ $ Mansouri Inc. estimates that 10% of its credit sales with never be collected. Of those that will be collected, 1/2 will be collected in the month of sale and the remainder will be collected the following month. Purchases on account will all be paid for in the month following purchase. December 2023 sales were $90,000. Using this information, prepare the cash budget for the first quarter of 2024. March 86,000.00 40,000.00 February 4,200.00 1,500.00 2,000.00 March

Mansouri Inc estimates that 10% of its credit sales with never be collected. Of those that will be collected, 1/2 will be collected in the month of sale and the remainder will be collected the following month. Purchases on account will all be paid for in the month following purchase. December 2023 sales were $90,000. Using this information, prepare the cash budget for the first quarter of 2024