ABC Company has a cash balance of $45,000 on August 1 and requires a minimum ending cash balance of $34,600. Cash receipts from sales budgeted for August are $327,600. Cash disbursements budgeted for August include inventory purchases, $47,000; other manufacturing expenses, $124,000; operating expenses, $62,000; bond retirements, $70,000; and dividend payments, $35,000.

Required:

Prepare a cash budget for ABC Company for August.

Beginning cash balance Cash Receipts: Total cash available Cash Disbursements: EA $ August 45,000 $ 45,000 Total cash disbursements $ 0 Ending cash balance EA $ 0