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Here are some important figures from the budget of Crenshaw, Inc., for the second quarter of 2019: The company predicts that 5 percent of its

Here are some important figures from the budget of Crenshaw, Inc., for the second quarter of 2019:

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The company predicts that 5 percent of its credit sales will never be collected, 25 percent of its sales will be collected in the month of the sale, and the remaining 70 percent will be collected in the following month. Credit purchases will be paid in the month following the purchase. In March 2019, credit sales were $343,000.

Using this information, complete the following cash budget. (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.)
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April $416,000 193,000 May $365,000 181,000 June $453,000 214,000 Credit sales Credit purchases Cash disbursements Wages, taxes, and expenses Interest Equipment purchases 105,300 81,100 10,800 40,000 76,600 10,800 12,500 10,800 161,000

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