ch20 #9

QS 20-24 (Algo) Manufacturing: Cash budget LO P2 Using the following information: a. Beginning cash balance on March 1,$77,000. b. Cash receipts from sales, $302,000. c. Cash payments for direct materials, $139,000. d. Cash payments for direct labor, $70,000. e. Cash payments for overhead, \$39,000. f. Cash payments for sales commissions, $7,000 g. Cash payments for interest, $190 (1\% of beginning loan balance of $19,000 ) h. Cash repayment of loan, $19,000. Prepare a cash budget for March for Gado Company