f. Utilties and sales commissions are paid the month after they are incurred; all other expenses are paid in the month in which they are incurred. Prepare a cash payments budget for selling and administrative expenses. 9. Gbson borrows funds, in increments of $1,000, and repays them on the last day of the month. Repayments may be made in any amount available. The company also pays its vendors on the last day of the month. It pays interest of 2 percent per month in cash on the last day of the month. To be prudent, the company desires to maintain a $19,000 cash balance. Prepare a cash budget. Complete this question by entering your answers in the tabs below. The company expects to collect 100 percent of the accounts recelvable generated by credit sales in the month following the Sole. Preovere a schedule of cash recelpts. f. Utilties and sales commissions are paid the month after they are incurred; all other expenses are paid in the month in which they are incurred. Prepare a cash payments budget for selling and administrative expenses. 9. Gbson borrows funds, in increments of $1,000, and repays them on the last day of the month. Repayments may be made in any amount available. The company also pays its vendors on the last day of the month. It pays interest of 2 percent per month in cash on the last day of the month. To be prudent, the company desires to maintain a $19,000 cash balance. Prepare a cash budget. Complete this question by entering your answers in the tabs below. The company expects to collect 100 percent of the accounts recelvable generated by credit sales in the month following the Sole. Preovere a schedule of cash recelpts