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Jones Hospital has a beginning cash balance of $ 1 0 0 , 0 0 0 on June 3 0 th . Consider the following

Jones Hospital has a beginning cash balance of $100,000 on June 30 th . Consider the following budgeted information for July:
a. Collections on account in July: $700,000
b. Cash collected from patients in July: $100,000.
c. Purchases of supplies in July on account: $50,000. Payments for purchases are 50% in the month of purchase and 50% in the following month. The accounts payable balance on June 30 th is $15,000 and
will be paid in July.
d. Salaries, wages, and other expenses paid in July: $700,000.
e. Depreciation on the hospital and equipment: $100,000.
Prepare a cash budget in good form for the month of July. Label each line item.

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