a. Beginning cash balance, September 1, $50,000. b. Budgeted cash receipts from sales in September, $258,000. c. Raw materials are purchased on account. Purchase amounts are August (actual), $73,000, and September (budgeted), $108,000. Payments for direct materials are made as follows: 65% in the month of purchase and 35% in the month following purchase. d. Budgeted cash payments for direct labor in September, $36,000. e. Budgeted depreciation expense for September, $3,600. f. Other cash expenses budgeted for September, $56,000. g. Accrued income taxes payable in September, $10,900. h. Bank loan interest payable in September, $1,800. PTO MANUFACTURING COMPANY Cash Budget For Month Ended September 30 Beginning cash balance $ 50,000 Cash receipts from sales 258,000 Total cash available $ 308,000 Cash payments for: Direct materials Direct labor Other expenses Accrued taxes Interest on bank loan 0 Total cash payments Ending cash balance $ 308,000