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Jones Company has the following information for the month of April: Cash balance, April 1 Collections from customers Paid to suppliers Manufacturing overhead Direct labor
Jones Company has the following information for the month of April: Cash balance, April 1 Collections from customers Paid to suppliers Manufacturing overhead Direct labor Selling and administrative expenses $ 18,270 43,000 23,600 7,400 8,900 5,500 (8 00:54:05 Jones pays wages and other cash expenses in the month incurred. Manufacturing overhead includes $1,850 for machinery depreciation. Additionally, Jones also expects to buy a piece of property for $8,300 cash during April. Jones can borrow in increments of $1,000 and would like to maintain a minimum cash balance of $13,000. Required: Prepare Jones' cash budget for the month of April. Beginning Cash Balance Budgeted Cash Receipts Budgeted Cash Payments Preliminary Cash Balance Cash Borrowed Ending cash balance
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