A company is preparing its cash budget for the 3rd quarter. The beginning Cash balance on July 1 is $30,000. Complete the following cash budget for July, August, and September. Copy and paste the form provided below:

	July	August	September
Cash Balance	30,000
Cash Receipts	40,000	80,000	20,000
Cash Payments,
Inventory Purchases	55,000	14,000	50,000
Employee Costs	14,000	20,000	7,000
Rent	5,000	5,000	5,000
Utilities	1,200	1,200	1,200
Insurance	500	500	500
Total Cash Payments
Cash Balance