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a. Beginning cash balance on March 1, $73,000 b. Cash receipts from sales. $300,000. c. Cash payments for direct materials, $138,000. d. Cash payments for
a. Beginning cash balance on March 1, $73,000 b. Cash receipts from sales. $300,000. c. Cash payments for direct materials, $138,000. d. Cash payments for direct labor. $71,000. e. Cash payments for overhead, $44,000. f. Cash payments for sales commissions, $7,000 g. Cash payments for interest. $180 (1% of beginning loan balance of $18,000) h. Cash repayment of loan $18,000. Prepare a cash budget for March for Gado Company GADO COMPANY Cash Budget March Total cash available Less Cash payments for 0 Total cash payments Preliminary cash balance Loan activity 0 0 Ending cash balance Loan balance, end of month S 0
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