E5-14 Prepare a cash budget for two months.
Rigley Company expects to have a cash balance of $46,000 on January 1, 2017.
These are the relevant monthly budget data for the first two months of 2017.
1.	Collection from customers: January $71,000 and February $146,000.
2.	Payments to suppliers: January $40,000, February $75,000.
3.	Wages: January $30,000 and February $40,000. Wages are paid in the month
	they are incurred.
4.	Administrative expenses: January $21,000 and February $24,000. These costs
	include depreciation of $1,000 per month. All other costs are paid as incurred.
5.	Selling expenses: January $15,000 and February $20,000. These costs are exclusive
	of depreciation. They are paid as incurred.
6.	Sales of short-term investments in January are expected to realize $12,000 in
	cash. Rigley has a line of credit at a local bank that enables it to borrow up
	to $25,000. The company want to maintain a minimum monthly cash balance
	of $20,000.
Instructions
Prepare a cash budget for January and February.
NOTE: Enter a number in cells requesting a value; enter either a number or a formula in cells with a "?" .
RIGLEY COMPANY
Cash Budget
For the Two Months Ending February 28, 2017
							January		February
Beginning cash balance							Value		Value
Add:	Cash receipts
	Collections from customers						Value		Value
	Sale of short-term investments						Value		Value
	Total receipts						?		?
Total available cash							?		?
Less: Cash disbursements
	Payments to suppliers						Value		Value
	Wages						Value		Value
	Administrative expenses						Value		Value
	Selling expenses						Value		Value
	Total disbursements						?		?
Excess (deficiency) of available cash over disbursements							?		?
Financing
Add: Borrowings							Value		Value
Less: Repayments							Value		Value
Ending cash balance							?		?
After you have completed E7-14, consider the following additional question
1.	Assume that collection from customers and payment to suppliers in January changed to $80,000
	and $55,000 respectively. Show the impact of these changes on the Cash Budget.
SOLVE FOR MISSING VALUES AND ANSWER QUESTION 1