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Exercise 9-26 Cash Budgeting (LO 9-3, 9-5) The following information is from Tejas WindowTint's financial records. Month Sales April $74,000 Purchases $61,000 May 72,000

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Exercise 9-26 Cash Budgeting (LO 9-3, 9-5) The following information is from Tejas WindowTint's financial records. Month Sales April $74,000 Purchases $61,000 May 72,000 61,000 June 75,000 49,000 July 76,000 67,000 Collections from customers are normally 70 percent in the month of sale, 20 percent in the month following the sale, and 8 pe- the second month following the sale. The balance is expected to be uncollectible. All purchases are on account. Management full advantage of the 5 percent discount allowed on purchases paid for by the tenth of the following month. Purchases for Augu budgeted at $66,000, and sales for August are forecasted at $72,000. Cash disbursements for expenses are expected to be $1 for the month of August. The company's cash balance on August 1 was $28,000. Required: 1. Prepare the expected cash collections during August. 2. Prepare the expected cash disbursements during August. 3. Calculate the expected cash balance on August 31. Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Calculate the expected cash balance on August 31. TEJAS WINDOW TINT Expected Cash Balance Ralance A August 31

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