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Use the following information to prepare the July cash budget for Acco Company. Ignore the "Loan activity" section of the budget a. Beginning cash balance on July 1: $66,000. b. Budgeted cash recelpts from sales: 25% is collected in the month of sale, 50% in the next month, and 25% in the second month after sale. Sales amounts are May (actual), $1,830,000; June (actual), $1,190,000; and July (budgeted), $1,360,000. c. Budgeted cash payments on merchandise purchases: 65% in the month of purchase and 35% in the month following purchase. Purchase amounts are June (actual), $420,000; and July (budgeted), $760,000. d. Budgeted cash payments for salaries in July: $170,000. e. Budgeted cash payments for sales commissions for July: $170,000. f. Budgeted cash payment for income taxes in July: $80,000. 9. Budgeted cash payment for loan interest in July: $8,500. Complete this question by entering your answers in the tabs below. Calculate the budgeted cash receipts and cash payments. Cash Budget? Prepare the July cash budget for Acco Company. Use the following information for the Exercises below. (Algo) [The following information applies to the questions displayed below.] Lamonte Company reports the following budgeted December 31 adjusted trial balance. Prepare the budgeted income statement for the current year ended December 31 . Ignore income taxes. The ending year balance of Retained Earnings was $76,200 on December 31. Prepare Lamonte Company's budgeted balance sheet as of December 31