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ABC Company has a cash balance of $40,000 on August 1 and requires a minimum ending cash balance of $28.960. Cash receipts from sales budgeted

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ABC Company has a cash balance of $40,000 on August 1 and requires a minimum ending cash balance of $28.960. Cash receipts from sales budgeted for August are $210,960. Cash disbursements budgeted for August include inventory purchases, $32,000, othe manufacturing expenses, $52,000; operating expenses, $43,000, bond retirements, $65.000, and dividend payments, $30,000. Required: Prepare a cash budget for ABC Company for August. August Required: Prepare a cash budget for ABC Company for August August Beginning cash balance Cash Receipts: Total cash available Cash Disbursements: Total cash disbursements Ending cash balance

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