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Calculation Cash Budget Calculate the budgeted cash receipts and cash payments. Calculation of Cash Receipts from Sales Collected in July 31 Total Sales Accounts

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Calculation Cash Budget Calculate the budgeted cash receipts and cash payments. Calculation of Cash Receipts from Sales Collected in July 31 Total Sales Accounts May June July Receivable Credit sales from: May $ 1,730,000 June 1,200,000 July 1,450,000 Totals $ 4,380,000 Calculation of Cash Payments for Merchandise Paid in Total Purchases June July July 31 Accounts payable Purchases from: June $ 450,000 July 500,000 Totals $ 950,000

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