After studying the required resources of the module and completing Task 6.1, use the data and information from JKL Corporation, and the results you obtained in task 6.1, and prepare the cash budget for the quarter ending in June. Use the following table as a model:

*** Information needed bellow

	April	May	Jun	Total
Beginning Cash Balance
cash receipts
cash available
Less disbursements:
Shopping
Administrative expenses andsales
Purchase of equipment
dividends
Total disbursements
Excess (deficiency) of cash
Financing:
Loan
loan payments
Interests
Financing
effective ending balance

Use the following information:

Preparation of Sales receipts budget for the quarter as follows:

Schedule of Sales Receipts
	April	May	June	Total
A) Sales	$75,500	$72,000	$84,000	$231,500
B) Cash sales ( A x 20% )	$15,100	$14,400	$16,800	$46,300
C) Credit sales ( A x 80% )	$60,400	$57,600	$67,200	$185,200
D) Collection from Accounts receivable	$64,000	$60,400	$57,600	$182,000
E) Total collections from sales ( B + D )	$79,100	$74,800	$74,400	$228,300

Preparation of Purchase Budget for the Quarter:

Purchase Budget
	April	May	June	Total
A) Sales	$75,500.00	$72,000.00	$84,000.00	$231,500.00
B) Cost of sales ( A x 53% )	$40,015.00	$38,160.00	$44,520.00	$122,695.00
C) Ending Inventory	$9,540.00	$11,130.00	$8,413.75	$29,083.75
D) Total Needed ( B + C )	$49,555.00	$49,290.00	$52,933.75	$151,778.75
E) Beginning Inventory	$15,400.00	$9,540.00	$11,130.00	$36,070.00
F) Budgeted Purchases ( D + E )	$64,955	$58,830	$64,063.75	$187,848.75

Preparation of Disbursements in purchases budget for the quarter:

Schedule of Purchase Disbursement
	April	May	June	Total
A) Budgeted Purchases	$64,955.00	$58,830.00	$64,063.75	$187,848.75
B) Cash Purchase ( A x 40% )	$25,982.00	$23,532.00	$25,625.50	$75,139.50
C) Accounts Payable paid	$23,400.00	$38,973.00	$35,298.00	$97,671.00
D) Total Purchase Disbursement ( B + C )	$49,382.00	$62,505.00	$60,923.50	$172,810.50

Preparation of Disbursements of Administrative and Sales expenses budget for the quarter:

Disbursements of Administrative and Selling Expenses
	April	May	June	Total
A) Salaries	$12,500	$12,500	$12,500	$37,500
B) Advertising	$7,300	$7,300	$7,300	$21,900
C) Other expenses	$6,040	$5,760	$6,720	$18,520
D) Total Selling and Administrative expenses ( A + B + C )	$25,840	$25,560	$26,520	$77,920