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> f. Khloe Company has nine employees who are paid a total of $48,000 per month. Due to timing issues, g. Rent for office
> f. Khloe Company has nine employees who are paid a total of $48,000 per month. Due to timing issues, g. Rent for office and warehouse space is $12,300 paid monthly in cash. h. Utilities average $6,100 per month and are paid in cash. i. In November, Khloe expects to pay employment taxes of $6,625. j. Since Khloe imports product from overseas, customs duty and shipping to the central location of 30 per k. Other cash expenses for November are expected to be $41,500. Required: Prepare a cash budget for Khloe Company for the month of November. Khloe Company Cash Budget For the Month of November Beginning balance, cash account Received on account from sales in: October November Total cash available Disbursements: Payments for purchases made in: October November Salaries paid for work in: October 00000 November Rent Utilities Employment taxes Customs duty and shipping Other cash expenses Total disbursements Ending cash balance
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