Cash Flow for ABC Hotel July August September Opening Balance $ 85,000 $ 94,450 ? Cash Incoming Sales $ 67,000 $ 64,399 $ 70,500 Asset Sales $ 1,200 $ - $ - Debtor Receipts $ 2,500 $ 2,800 $ 1,300 Loans $ 1,400 $ 1,500 $ 1,300 Total Incoming $ 72,100 $ 68,699 $ 73,100 Cash Outgoing Purchases $ 10,000 5700 12 % of your sales Accounting Fees $ 800 0 $ 500 Advertising and Marketing $ 2,000 0 $ 2,000 Bank Fees and Charges $ 100 150 $ 120 Interest $ 100 150 $ 120 Utilities $ 6,700 3000 $ 25,000 Telephone $ 500 600 $ 500 Rent and rates $ 10,000 10000 $ 10,000 Motor Vehicle Expenses $ 2,000 2000 $ 2,000 Repairs and Maintenance $ 0 8000 $ - Licensing $ 250 250 $ 300 $ 1,200 1200 $ 1,200 Income Tax $ 5,000 5000 $ 5,000 Wages $ 24,000 24000 $ 24,000 Total Outgoing $ 62,650 60,050 $ 56,740 Monthly Cash Balance $ 9,450 $ 8,649 ? Closing Balance $ 94,450 $ 103,099 ? Calculate the monthly cash Balance for September? Calculate the Closing Balance for September