DEF Co. provided the following information for the month of August 2023:

Cash balance on August 1: $18,000

Receipts:

• Cash Sales: $30,000
• Collection from Accounts Receivable: $15,000

Payments:

• Salaries: $12,000
• Rent: $3,500
• Utilities: $2,000
• Office Supplies: $1,000

Requirements:

1. List the cash receipts for August 2023 in a bullet format.
2. List the cash payments for August 2023 in a bullet format.
3. Prepare the cash budget for August 2023.
4. Determine the cash balance as of August 31, 2023.
5. Analyze the effect of office supplies purchase on the cash budget.