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Here are some important figures from the budget of Nashville Nougats, Incorporated, for the second quarter of 2022: The company predicts that 5 percent of
Here are some important figures from the budget of Nashville Nougats, Incorporated, for the second quarter of 2022: 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 he sale, and the remaining 70 percent will be collected in the following month. Credit purchases will be paid in the month following he purchase. In March 2022, credit sales were \$335,000. Using this information, complete the following cash budget. Vote: Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32. \begin{tabular}{|l|l|l|l|} \hline & \multicolumn{1}{|c|}{ April } & \multicolumn{1}{|c|}{ May } & June \\ \hline Beginning cash balance & $115,000 & & \\ \hline Cash receipts & & & \\ \hline Cash collections from credit sales & & & \\ \hline Total cash available & & & \\ \hline Cash disbursements & $ & & \\ \hline Purchases & & & \\ \hline Wages, taxes, and expenses & & & \\ \hline Interest & & & \\ \hline Equipment purchases & & & \\ \hline Total cash disbursements & & & \\ \hline Ending cash balance & & & \\ \hline \end{tabular}
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