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Can you please show me how to solve the following problem. QS 22-24 Manufacturing: Cash budget LO P2 Use the following information: a. Beginning cash
Can you please show me how to solve the following problem.
QS 22-24 Manufacturing: Cash budget LO P2 Use the following information: a. Beginning cash balance on March 1, $79,000 b. Cash receipts from sales, $308,000. c. Budgeted cash payments for direct materials,$138,000 d. Budgeted cash payments for direct labor $80,000. e. Other budgeted cash expenses, $38,000. f. Cash repayment of bank loan, $15,000 Prepare a cash budget for the month ended on March 31 for Gado Company. The budget should show expected cash receipts and cash disbursements for the month of March and the balance expected on March 31 GADO COMPANY Cash Budget For Month Ended March 31 Beginning cash balance Cash receipts from sales Total cash available Cash payments for: Total cash payments Ending cash balance 0Step by Step Solution
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