A B C D E Heidi Pedersen - Cash Budgeting Heidi Pedersen, the Treasurer for Wood Products, Inc. has just been asked by Justin Wood, the company's president, to prepare a memo detailing the company's ending cash balance for the next 3 months. Below, you will see the relevant estimates for this period. July Credit sales $ 1,375,800 $ August 1,595,928 $ September 1,196,300 Credit purchases 765,480 890,160 657,780 Cash disbursements Wages, taxes, and expenses 348,600 395,620 337,150 Interest 29,900 29,900 29,900 Equipment 158,900 96,300 Credit sales collections: Collected in month of sale: 40% Collected month after sale: 55% Never collected: 5% June credit sales: $ 1,235,020 June credit purchases: $ 681,012 Beginning cash balance: $ 425,000 All credit purchases are paid in the month after the purchase.