Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Cash Budget Beginning Cash Sources of Cash Cash Sales Accounts Receivables Collected Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 100,000 117,355 158,155158,355 102,685 133,505 4200052500 262730

image text in transcribedimage text in transcribedimage text in transcribed

Cash Budget Beginning Cash Sources of Cash Cash Sales Accounts Receivables Collected Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 100,000 117,355 158,155158,355 102,685 133,505 4200052500 262730 268320 39200 295625 350004200047600 57355 240800 245100 Total Cash Available 392,355400,155 450,855 463,085423,505 468,330 Uses of Cash Payments for Purchases Wages and Salaries Rent Interest Tax Pre-paymnet Capital Investment 228000 190000 228000 400004500050000 7000 7500 285000 52000 7000 7500 258400 228000 65000 55000 7000 7000 7000 7000 50000 80000 275000 242000 292500 380400 290000431 Borrowings 20,000.00 70,000.00 Closing Balance 117,355158,155 158,355102,685 133,505 106,830 Cash Budget Beginning Cash Sources of Cash Cash Sales Accounts Receivables Collected Jan-17 Feb-17 Mar-17 Apr-17 May-17 Jun-17 100,000 117,355 158,155158,355 102,685 133,505 4200052500 262730 268320 39200 295625 350004200047600 57355 240800 245100 Total Cash Available 392,355400,155 450,855 463,085423,505 468,330 Uses of Cash Payments for Purchases Wages and Salaries Rent Interest Tax Pre-paymnet Capital Investment 228000 190000 228000 400004500050000 7000 7500 285000 52000 7000 7500 258400 228000 65000 55000 7000 7000 7000 7000 50000 80000 275000 242000 292500 380400 290000431 Borrowings 20,000.00 70,000.00 Closing Balance 117,355158,155 158,355102,685 133,505 106,830

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Costing

Authors: Terry Lucey

5th Edition

1858051657, 9781858051659

More Books

Students also viewed these Accounting questions

Question

Is it eyewitness or hearsay evidence?

Answered: 1 week ago

Question

Recognize and discuss the causes of culture shock

Answered: 1 week ago