fari File View History Bookmarks Window Help ezto.mheducation.com Chapter 08 Pre-Built Problems i Saved Help Save & Exit Check my 5 month of purchase. The accounts payable remaining from November's inventory purchases total $162,500, all of which will be paid n December. d. Selling and administrative expenses are budgeted at $495,000 for December. Of this amount, $88,800 is for depreciation. e. A new web server for the Marketing Department costing $83,500 will be purchased for cash during December, and dividends 10 totaling $17,000 will be paid during the month. points f. The company maintains a minimum cash balance of $20,000. An open line of credit is available from the company's bank to increase its cash balance as needed. Required: 2Book 1. Calculate the expected cash collections for December. 2. Calculate the expected cash disbursements for merchandise purchases for December. 3. Prepare a cash budget for December. Indicate in the financing section any borrowing that will be needed during the month. Assume Print that any interest will not be paid until the following month. Complete this question by entering your answers in the tabs below. References Req 1 and 2 Req 3 Prepare a cash budget for December. Indicate in the financing section any borrowing that will be needed during the month. Assume that any interest will not be paid until the following month. Ashton Company Cash Budget For the Month of December Beginning cash balance Add collections from customers Total cash available Less cash disbursements Payments to suppliers for inventory Selling and administrative expenses New web server Dividends paid Total cash disbursements Excess (deficiency) of cash available over disbursements Financing: Borrowings Repayments Interest Total financing Ending cash balance