Attempt in Progress

$-761$

Crane Dental Clinic is a medium$-$sized dental service specializing in family dental care. The clinic is currently preparing the master budget for the first $2$ quarters of $2020.$ All that remains in this process is the cash budget. The following information has been collected from other portions of the master budget and elsewhere.

Beginning cash balance

$$33,900$

Required minimum cash balance

$28\mathrm{.}250$

Payment of income taxes $(2$nd quarter$)$

$4\mathrm{.}520$

Professional salaries:

$1$st quarter

$158\mathrm{.}200$

$2$nd quarter

$158,200$

Interest from investments $(2$nd quarter$)$

$7\mathrm{.}910$

Overhead costs

Ist quarter

$87,010$

$2$nd quarter

$113,000$

Selling and administrative costs, including

$$2,260$ depreciation

$1$st quarter

$56,500$

nd quarter

$79,100$

urchase of equipment $(2$nd quarter$)$

$56,500$

ale of equipment $(1$st quarter$)$

$13,560$

Collections from clients:

$1$st quarter

$265,550$

$2$nd quarter

$429,400$

Interest payments $(2$nd quarter$)$

$226$

Prepare a cash budget for each of the first two quarters of $2020$ PLETCHER DENTAL CLTNIC

Cash Budget

$2^{nd}$ Quarter

$

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