ABC Corporation provided the following details for the month of April 2023:

Cash balance on April 1: $20,000

Receipts:

• Cash Sales: $18,000
• Collection from Accounts Receivable: $7,000
• Loan Received: $5,000

Payments:

• Salaries: $8,000
• Rent: $3,000
• Utilities: $1,200
• Equipment Purchase: $5,500

Requirements:

1. Prepare the cash receipts journal for April 2023.
2. Prepare the cash payments journal for April 2023.
3. Prepare the cash budget for April 2023.
4. Determine the cash balance as of April 30, 2023.
5. Analyze the impact of the loan received on the cash balance.