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a . Beginning cash balance on July 1 : $ 7 2 , 0 0 0 . b . Budgeted cash receipts from sales: 2
a Beginning cash balance on July : $
b Budgeted cash receipts from sales: is collected in the month of sale, in the next month, and in the second month after sale. Sales amounts are May actual $; June actual $; and July budgeted $
c Budgeted cash payments on merchandise purchases: in the month of purchase and in the month following purchase. Purchase amounts are June actual $; and July budgeted $
d Budgeted cash payments for salaries in July: $
e Budgeted cash payments for sales commissions for July: $
f Budgeted cash payment for income taxes in July: $
g Budgeted cash payment for loan interest in July: $
Complete this question by entering your answers in the tabs below.
Calculation
Cash Budget
Calculate the budgeted cash receipts and cash payments.
a Beginning cash balance on July : $
b Budgeted cash receipts from sales: is collected in the month of sale, in the next month, and in the second month after sale. Sales amounts are May actual $; June actual $; and July budgeted $
c Budgeted cash payments on merchandise purchases: in the month of purchase and in the month following purchase. Purchase amounts are June actual $; and July budgeted $
d Budgeted cash payments for salaries in July: $
e Budgeted cash payments for sales commissions for July: $
f Budgeted cash payment for income taxes in July: $
g Budgeted cash payment for loan interest in July: $
Complete this question by entering your answers in the tabs below.
Calculation
Cash Budget
Prepare the July cash budget for Acco Company.
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