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Blossom Dental Clinic is a medium-sized dental service specializing in family dental care. The clinic is currently preparing the budget for the first two
Blossom Dental Clinic is a medium-sized dental service specializing in family dental care. The clinic is currently preparing the budget for the first two quarters of 2022. It still needs to do only the cash budget. It has collected the following information from parts of the master budget and elsewhere: Beginning cash balance Required minimum cash balance Payment of income taxes (2nd quarter) Professional salaries: $30,000 20,000 4.100 1st quarter 2nd quarter Interest from investments (2nd quarter) Overhead costs: 1st quarter 141,400 141,400 7.100 94,800 120 200
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