JKL Company provided the following information for the month of March 2023:

• Cash balance on March 1: $10,000
• Receipts:
  • Cash Sales: $15,000
  • Collection from Accounts Receivable: $5,000
• Payments:
  • Salaries: $6,000
  • Rent: $2,000
  • Utilities: $1,000
  • Equipment Purchase: $4,000

Requirements:

1. Prepare the cash receipts journal for March 2023.
2. Prepare the cash payments journal for March 2023.
3. Prepare the cash budget for March 2023.
4. Determine the cash balance as of March 31, 2023.