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ABC Company has a cash balance of $43,000 on August 1 and requires a minimum ending cash balance of $28,344. Cash receipts from sales

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ABC Company has a cash balance of $43,000 on August 1 and requires a minimum ending cash balance of $28,344. Cash receipts from sales budgeted for August are $313,344. Cash disbursements budgeted for August include inventory purchases, $45,000, other manufacturing expenses, $122,000; operating expenses, $60,000; bond retirements, $68,000; and dividend payments, $33,000. Required: Prepare a cash budget for ABC Company for August Beginning cash balance Cash Receipts Total cash available Cash Disbursements: Total cash disbursements August

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