HELP!

Problem 22-2A Built-Tight is preparing its master budget. Budgeted sales and cash payments follow, Manufacturing: Cash budget and schedule of cash payments P2 Sales to customers are 20% cash and 80% on credit. Sales in June were $50,250. All credit sales are col. lected in the month following the sale. The June 30balance sheet includes balances of $15,000 in cash and $5,000 in loans payable. A minimum cash balance of $15,000 is required. Loans are obtained at the end of any month when the preliminary cash balance is below $15,000. Interest is 1. per month based on the beginning-of-the-month loan balance and is paid at each month-end. Any preliminary cash balance above $15,000 is used to repay loans at month-end. Expenses are paid in the month incurred and consist. 1. Prepare a schedule of cash receipts for the months of July, August, and September. 1. Prepare a schedule of cash receipts for the months of July, August, and September, the dollar