JACKSON AUTOMOTIVE Cash Budget Format June July August September October Projected Sales $12,681.00 $7,374.00 $7,201.00 $7,394.00 Beginning Cash Balance $4,994 This was given in the Balance Sheet--May 2013 cash balance Cash Receipts: Collection of Accounts Receivable Sales are collected in the following month. Interest Income 2% of the cash balance Bank Loan Amount borrowed Total Cash Inflow Total of cash inflows Cash Disbursements Payments of Accounts Payable Payable in the month followng the purchase. Operating Expenses Given at 750 per month Capital Expenditures Purchase new equipment in July Tax Payments Quarterly--paid in June and September Interest Payments 6% of outstanding loan Principal Payments Due in September for both loan Dividend Payments Paid in September Total Cash Outflow Total of cash disbursements Net Cash Inflow (outflow) Difference between cash inflows minus cash outflows Ending Cash Balance Beginning cash + net cash inflow