Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

I only need help with one question! Please help me answer the required 3 question! Thank you!!!! Required 1 Required 2A Required 2B Required 3

I only need help with one question!

Please help me answer the required 3 question!

Thank you!!!!

image text in transcribedimage text in transcribedimage text in transcribed

Required 1 Required 2A Required 2B Required 3 Prepare a cash budget for April, May, and June as well as in total for the quarter. (Cash deficiency, repayments and interest should be indicated by a minus sign.) Garden Sales, Inc. Cash Budget For the Quarter Ended June 30 June Quarter Beginning cash balance $ $ May 610,000 $ 699,600 40,000 April 61,000 389,200 450,200 $ Add collections from customers 781,600 821,600 61,000 1,870,400 1,931,400 Total cash available 1,309,600 Less cash disbursements: 1,446,200 396,900 90,000 494,200 71,000 555,100 109,000 36,000 47,000 18,000 12,000 270,000 66,000 47,000 39,000 1,868,200 63,200 39,000 577,200 Purchases for inventory Selling expenses Administrative expenses Land purchases Dividends paid Total cash disbursements Excess (deficiency) of cash available over disbursements Financing: Borrowings Repayment Interest Total financing Ending cash balance 543,900 (93,700) 747,100 562,500 244,400 134,000 48,000 (182,000) (4,980) (186,980) 57,420 182,000 (182,000) (4,980) (4,980) 58,220 134,000 40,300 48,000 610,500 $ $ $ $

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Internationale Rechnungslegung IFRS Praxis

Authors: Author

1st Edition

3834909289, 9783834909282

More Books

Students also viewed these Accounting questions