Exercise $22-17$

Preparation of cash budgets $($for three periods$)$

P$2$

Kayak Co$.$ budgeted the following cash receipts $($excluding cash receipts from loans received$)$ and cash payments $($excluding cash payments for loan principal and interest payments$)$ for the first three months of next year.

$\backslash$table$[[,$Cash Recelpts,Cash Payments$],[$January $.............,$$$525,000,$$$475,000$