Chapter 7 Homework 6 Saved Help 10 1 points Use the following information to prepare the September cash budget for PTO Company, Ignore the "Loan activity" section of the budget. a. Beginning cash balance, September 1, $46,000. b. Budgeted cash receipts from September sales, $262,000 c. Direct materials are purchased on credit . Purchase amounts are August (actual). $70,000; and September (budgeted) $107.000 Payments for direct materials follow: 65% in the month of purchase and 35% in the first month after purchase. d. Budgeted cash payments for direct labor in September, $33,000. e. Budgeted depreciation expense for September, $3,200. 1. Budgeted cash payment for dividends in September, $51,000. g. Budgeted cash payment for income taxes in September, $10,500 h. Budgeted cash payment for loan interest in September. $1,800. Book Ask Print References PTO COMPANY Cash Budget September Beginning cash balance Total cash available PTO COMPANY Cash Budget September k Beginning cash balance Total cash available nces Total cash payments Ending cash balance