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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!!!!
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
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