a. Beginning cash balance on July 1:$66,000. . Budgeted cash receipts from sales: 30% is collected in the month of sale, 50% in the next month, and 20% in the second month after sale. Sales amounts are May (actual), \$1,730,000; June (actual), \$1,360,000; and July (budgeted), \$1,550,000. . Budgeted cash payments on merchandise purchases: 80% in the month of purchase and 20% in the month following purchase. Purchase amounts are June (actual), $400,000; and July (budgeted), $510,000. . Budgeted cash payments for salarles in July: $310,000. . Budgeted cash payments for sales commissions for July: $250,000. f. Budgeted cash payment for income taxes in July: $100,000. g. Budgeted cash payment for loan interest in July: $5,500. Complete this question by entering your answers in the tabs below. Calculate the budgeted cash receipts and cash payments. a. Beginning cash balance on July 1: $66,000. b. Budgeted cash recelpts from sales: 30% is collected in the month of sale, 50% in the next month, and 20% in the second month after sale. Sales amounts are May (actual), $1,730,000; June (actual), $1,360,000; and July (budgeted), $1,550,000. c. Budgeted cash payments on merchandise purchases: 80% in the month of purchase and 20% in the month following purchase. Purchase amounts are June (actual), $400,000; and July (budgeted), $510,000. d. Budgeted cash payments for salarles in July: $310,000. e. Budgeted cash payments for sales commissions for July: $250,000. f. Budgeted cash payment for income taxes in July: $100,000. g. Budgeted cash payment for loan interest in July: $5,500. Complete this question by entering your answers in the tabs below. Prepare the July cash budget for Acco Company