managerial accounting question

4) expected The the following balances at March 31, 2020: (1) accounts receivable, and (2) accounts payable. E10.31 (LO 4,5) Service Pisani Dental Clinic is a medium-sized dental service specializing in family dental care. The clinic is currently preparing the budget for the first two quarters of 2020. It still needs to do only the cash budget. It has collected the following information from parts of the master budget and elsewhere: Prepare a cash budget for two quarters. Beginning cash balance $ 30,000 Required minimum cash balance 20,000 Payment of income taxes (2nd quarter) 4,000 Professional salaries: 1st quarter 140,000 2nd quarter 140,000 Interest from investments (2nd quarter) 7,000 Overhead costs: 1st quarter 95,000 2nd quarter 120,000 Selling and administrative expenses, including $3,000 of depreciation: 50,000 1st quarter 70,000 2nd quarter 50,000 Purchase of equipment (2nd quarter) 12,000 Sale of equipment (1st quarter) Collections from clients: 245,000 1st quarter 390,000 300 tenduarter Rnd quarter 4) expected The the following balances at March 31, 2020: (1) accounts receivable, and (2) accounts payable. E10.31 (LO 4,5) Service Pisani Dental Clinic is a medium-sized dental service specializing in family dental care. The clinic is currently preparing the budget for the first two quarters of 2020. It still needs to do only the cash budget. It has collected the following information from parts of the master budget and elsewhere: Prepare a cash budget for two quarters. Beginning cash balance $ 30,000 Required minimum cash balance 20,000 Payment of income taxes (2nd quarter) 4,000 Professional salaries: 1st quarter 140,000 2nd quarter 140,000 Interest from investments (2nd quarter) 7,000 Overhead costs: 1st quarter 95,000 2nd quarter 120,000 Selling and administrative expenses, including $3,000 of depreciation: 50,000 1st quarter 70,000 2nd quarter 50,000 Purchase of equipment (2nd quarter) 12,000 Sale of equipment (1st quarter) Collections from clients: 245,000 1st quarter 390,000 300 tenduarter Rnd quarter