Kevin's Restaurant Supply is preparing its cash budgets for the first two months of the upcoming year. Here is the information about the company's upcoming cash receipts and cash disbursements:

View the information

Requirements

Prepare schedules of $($a$)$ budgeted cash collections, $($b$)$ budgeted cash payments for purchases, and $($c$)$ budgeted cash payments for operating expenses. Show totals for each month and totals for January and February combined.

Prepare a combined cash budget. If no financing activity takes place, what is the budgeted cash balance on February $28?$

Beginning cash balance

Plus: Cash collections from customers

Total cash available

Less cash payments:

Dotarect materials purchases

Onding cash balance