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ABC Company has a cash balance of $29,000 on August 1 and requires a minimum ending a cash balance of $18,240. Cash receipts from sales

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ABC Company has a cash balance of $29,000 on August 1 and requires a minimum ending a cash balance of $18,240. Cash receipts from sales budgeted for August are $231,240. Cash disbursements budgeted for August include inventory purchases, $44,000; other manufacturing expenses, $75,000; operating expenses, $50,000, bond retirements, $54,000; and dividend payments, $19,000. Required: Prepare a cash budget for ABC Company for August Book August Hint Beginning cash balance Cash Receipts Total cash available s 0 Print Cash Disbursements References Total cash disbursements 0 Ending cash balance

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