6 Required Information 2. Prepare a cash budget for the months of July, August, and September. (Negative balances and Loan repayment am should be indicated with minus sign. Enter your final answers in whole dollars.) Part 2 of 2 BUILT-TIGHT 3.75 Cash Budget points July August September Beginning cash balance Total cash available eBook Less: Cash payments for Print References Total cash payments 0 Preliminary cash balance Loan activity Additional loan Repayment of loan to bank Ending cash balance 0 0 0 Loan balance July August Mc Graw Hill6 Required information Less: Cash payments for Part 2 of 2 3.75 points Total cash payments eBook 0 Preliminary cash balance Loan activity Print Additional loan Repayment of loan to bank Ending cash balance 0 References Loan balance July August September Loan balance - Beginning of month Additional loan (loan repayment) Loan balance - End of month Mc Graw Hillmework 8 i Saved 5 Problem 22-2A (Algo) Manufacturing: Cash budget and schedule of cash payments LO P2 [The following information applies to the questions displayed below.] Part 1 of 2 Built-Tight is preparing its master budget. Budgeted sales and cash payments follow: July August September Budgeted sales $ 59, 000 $ 75, 000 $ 53, 000 Budgeted cash payments for .75 Direct materials 17 , 160 14 , 440 14, 760 oints Direct labor 5 , 040 4, 360 4, 440 Overhead 21, 200 17 , 800 18 , 200 Sales to customers are 30% cash and 70% on credit. Sales in June were $64,000. All credit sales are collected in the month following the sale. The June 30 balance sheet includes balances of $35,000 in cash and $6,000 in loans payable. eBook A minimum cash balance of $35,000 is required. Loans are obtained at the end of any month when the preliminary cash balance is below $35,000. Interest is 1% per month based on the beginning-of-the-month loan balance and is paid at each month-end. Any preliminary cash balance above $35,000 is used to repay loans at month-end. Expenses are paid in the month incurred and consist of sales commissions (10% of sales), office salaries ($5,000 per month), and rent ($7,500 per Print month). References Problem 22-2A (Algo) Part 1 1. Prepare a schedule of cash receipts for the months of July, August, and September. BUILT-TIGHT Schedule of Cash Receipts from Sales July August September 53,000 Sales $ 59,000 $ 75,000 $ Cash receipts from: $ 0 $ o $ 0 Total cash receipts Mc Help 7 Required 1 Required 2 Prepare budgeted income statements for each of the months of January, February, and March that show results from .75 implementing the proposed plan. (Enter your final answers in whole dollars.) points MERLINE MANUFACTURING Budgeted Sales January February March eBook Print Budgeted sales (in dollars) MERLINE MANUFACTURING References Budgeted Income Statement January February March Selling, general, and admin. expenses Sales commissions Advertising Office rent Administrative salaries Depreciation-Office equipment Office insurance 0 0 Total expenses o $ o $ o $ Next > Mc