Question
Nam Due Last y Curre Acter Bass Company has $15,000 in cash on hand en January 1 and has collected the following budget data
Nam Due Last y Curre Acter Bass Company has $15,000 in cash on hand en January 1 and has collected the following budget data (Okck the icon to view the budget data) Assume Bass has cash payments for selling and administrative expenses including salades of $50,000 plus commisions of 2% of sales all paid in the month of sale. The company requires a minimum cash balance of $8.500. Prepare a cash budget for January and Febnuary We Bass wed to bomow cash by the end of Febnuary Bege by preparing the cash budget for January then prepare the cash budget for February. Compete at input felds, Enter a " or any se balances) This f Bass Company Cash Budget Two Months Ersted January 31 and February 28 Begning cash balance Cash receipts Cash a Cash payme January Purchases of merchandise eventory 525 Saling and admix 405 Ending tash bance bancing Minum cash be desi To see w Re Help me solve this Etext pages Get more help- Data table Sales Cash receipts hom Cash payments for merchandise awventory $ January 1380,000 $ February a0.000 330 71.400 32224 Print Done Clear all Check answer
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