Cash Budget

Pasadena Candle Inc. pays 40% of its purchases on account in the month of the purchase and 60% in the month following the purchase. If purchases are budgeted to be $40,000 for August and $36,000 for September.

Prepare a simple cash budget for Pasadena Candle Inc.

Estimated beginning inventory, AugustEstimated ending inventory, AugustPayments for August purchasesPayments for August sold$- Select -Estimated beginning inventory, SeptemberEstimated ending inventory, SeptemberExpected units to be soldPayments for September purchasesPayments for September sold- Select -Total payments for purchases on account$fill in the blank 5