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based on the information given to you, please answer 6-9. Please show work. Thank you! 6) (12 points) Using all the information from the tables
based on the information given to you, please answer 6-9. Please show work. Thank you!
6) (12 points) Using all the information from the tables above, complete the revised cash budget below Garden Sales, Inc Cash Budget For the Quarter Ended June 30 May June arter Beginning cash balance Add collections from customers Total cash available Less cash disbursements Purchases for inventory Selling & Administrative expenses Land purchases Dividends paid Total cash disbursements Excess (deficiency) of cash available over disbursements Financing Borrowings Repayments Interest Total financing Ending cash balance 7) (1.5 points) If the company can meet the president's new assumptions, how will it affect the cash budget? Will the company be able to words. keep its borrowing below the new limit? Explain in 30 to 50 8) (10 points) Complete the following steps to complete the Budgeted Balance Sheet for June 30 below a) b) Cash should equal the ending cash balance from the Revised Cash Budget. Determine accounts receivable balance in one of two ways; one - use a T-account and the beginning accounts receivable balance (March 31), post the sales and collection information from the Revised Cash Collections Schedule, and determine the ending balance. Or two Use the 4Step by Step Solution
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