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Check my work 00 a. Beginning cash balance on March 1, $73,000. b. Cash receipts from sales, $303,000. c. Budgeted cash payments for direct materials
Check my work 00 a. Beginning cash balance on March 1, $73,000. b. Cash receipts from sales, $303,000. c. Budgeted cash payments for direct materials $139,000. d. Budgeted cash payments for direct labor $78,000. e. Other budgeted cash expenses, $35,000. f. Cash repayment of bank loan, $17,000. 6.66 points Prepare a cash budget for the month ended on March 31 for Gado Company. The budget should show expected cash receipts and cash disbursements for the month of March and the balance expected on March 31. eBook Hint Print GADO COMPANY Cash Budget For Month Ended March 31 Beginning cash balance $ 73,000 Cash receipts from sales 303,000 Total cash available Cash payments for: Direct materials 139,000 Direct labor 78,000 Other expenses [ 35,000 Repayment of bank loan 17,000 $ 376,000 Total cash payments Ending cash balance 269,000 $ 107,000
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