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ABC Company has a cash balance of $41,000 on August 1 and requires a minimum ending cash balance of $33,160. Cash receipts from sales budgeted
ABC Company has a cash balance of $41,000 on August 1 and requires a minimum ending cash balance of $33,160. Cash receipts from sales budgeted for August are $266,160. Cash disbursements budgeted for August include inventory purchases, $33,000; other manufacturing expenses, $100,000; operating expenses, $44,000; bond retirements, $66,000; and dividend payments, $31,000. 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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