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ABC Company has a cash balance of $28,000 on August 1 and requires a minimum ending cash balance of $18,368. Cash receipts from sales

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ABC Company has a cash balance of $28,000 on August 1 and requires a minimum ending cash balance of $18,368. Cash receipts from sales budgeted for August are $250,368. Cash disbursements budgeted for August include inventory purchases, $43,000; other manufacturing expenses, $95,000; operating expenses, $51,000; bond retirements, $53,000; and dividend payments, $18,000. Required: Prepare a cash budget for ABC Company for August. Beginning cash balance Cash Receipts: Total cash available Cash Disbursements: August

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