agenow.com/ilm/takeAssignment/takeAssignmentMain.do?invoker=&takeAssignmentSessionLocator=&inprogress=false Show Me How A Q 0 eBook Show Me How Sonoma Housewares Inc. Cash Budget For the Three Months Ending July 31 Estimated cash receipts from: Cash sales May Collection of accounts receivable Total cash receipts Estimated cash payments for: Manufacturing costs Selling and administrative expenses Capital expenditures Other purposes: Income tax Dividends Total cash payments Cash increase or (decrease) Cash balance at beginning of month Cash balance at end of month Minimum cash balance Excess (deficiency) 2. The budget indicates that the minimum cash balance June July be maintained in July. This situation can be corrected by the marketable securities, if they are held for such purposes. At the end of May and June, the cash balance will and/or by the the minimum desired balance. of