Exercise 20-22 Manufacturing: Cash budget LO P2 Use the following information to prepare the September cash budget for PTO Manufacturing Co. The folowing expected cash receipts and cash payments for the month ended September 30. a. Beginning cash balance, September 1, $49,000. b. Budgeted cash receipts from sales in September, $264,000. c. Raw mater rials are purchased on account. Purchase nts for direct materials are made as follows: 60% in the month of purchase and 40% in the month following purchase. amounts are: August (actual), $72,000, and September (budgeted),$106,000. d. Budgeted cash payments for direct labor in September, $40,000 e. Budgeted depreciation expense for September, $3,900. f. Other cash expenses budgeted for September, $59,000. g. Accrued income taxes payable in September, $10,800 h. Bank loan interest payable in September, $1,800. G COMPANY Cash Budget For Month E September 30 ng cash 6 of ed tash Pecelpts and cash payments for the month ended September 30 30. a. Beginning cash balance, September 1, $49,000. b. Budgeted cash receipts from sales in September, $264,000. c. Raw materials are purchased on account. Purchase amounts are: August (actual), $72,000, and September (budgeted), $10 Payments for direct materials are made as follows: 60% in the month of purchase and 40% in the month following purchase d. Budgeted cash payments for direct labor in September, $40,000. e. Budgeted depreciation expense for September, $3,900 f. Other cash expenses budgeted for September, $59,000 g. Accrued income taxes payable in September, $10,800. h. Bank loan interest payable in September, $1,800. Cash Budget For M ber 30 Beginning