DCorp is projecting a cash balance of $30,000 in its Dec 31, 2021, balance sheet.

DCorps schedule of expected collections from customers for the first quarter of 2022 totals $185,000. The schedule of expected payments for direct materials for the first quarter of 2022 totals $43,000.

Other information gathered for the first quarter of 2022 is: Sale of equipment $3,000; Direct labor $70,000; Mfg overhead $35,000; Selling & admin expenses $45,000; and purchase of securities (stocks and bonds as investments) $14,000.

DCorp wants to maintain a balance of at least $25,000 cash at the end of each quarter.

Instructions:

Prepare a cash budget for the first quarter.

DCorp Cash Budget For the Quarter Ending March 31, 2022
Beginning cash balance	30,000
ADD Receipts:
Total Receipts
Available cash
LESS Disbursements:
Total Disbursements
Excess of Available Cash over disbursements	11,000
Financing:
Add: Borrowings
Less: Repayments
Ending Cash Balance