Calculation Cash Budget Calculate the budgeted cash receipts and cash payments. Calculation of Cash Receipts from Sales Credit sales from: May June July Totals Total Sales May --Collected in- June July July 31 Accounts Receivable $ 1,860,000 G 1,390,000 1,500,000 4,750,000 $ 0 $ 0 $ 0 $ 0 Calculation of Cash Payments for Merchandise Total Purchases June -Paid in- July Purchases from: June $ 600,000 July 720,000 Totals $ 1,320,000 $ 0 $ July 31 Accounts payable EA 0