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ABC Company has a cash balance of $29.000 on August 1 and requires a minimum ending cash balance of $18.240. Cash receipts from sales budgeted

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ABC Company has a cash balance of $29.000 on August 1 and requires a minimum ending 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 August Beginning cash balance Cash Receipts $ Total cash available Cash Dabursements Totalcash disbursements 3 Ending the 5

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