Blossom 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		$30,300
Required minimum cash balance		25,250
Payment of income taxes (2nd quarter)		4,040
Professional salaries:
1st quarter		141,400
2nd quarter		141,400
Interest from investments (2nd quarter)		7,070
Overhead costs:
1st quarter		77,770
2nd quarter		101,000
Selling and administrative costs, including
$2,020 depreciation:
1st quarter		50,500
2nd quarter		70,700
Purchase of equipment (2nd quarter)		50,500
Sale of equipment (1st quarter)		12,120
Collections from clients:
1st quarter		237,350
2nd quarter		383,800
Interest payments (2nd quarter)		202

Prepare a cash budget for each of the first two quarters of 2020.

BLOSSOM DENTAL CLINIC Cash Budget June 30, 2020For the Two Quarters Ending June 30, 2020For the Month Ending June 30, 2020
		1st Quarter		2nd Quarter
		$		$
:
		$		$