NOP Ltd. provided the following information for the month of October 2023:

Cash balance on October 1: $30,000

Receipts:

• Cash Sales: $35,000
• Collection from Accounts Receivable: $10,000

Payments:

• Salaries: $16,000
• Rent: $5,000
• Utilities: $2,000
• Equipment Maintenance: $3,000

Requirements:

1. Prepare the cash receipts journal for October 2023.
2. Prepare the cash payments journal for October 2023.
3. Prepare the cash budget for October 2023.
4. Determine the cash balance as of October 31, 2023.
5. Evaluate the impact of equipment maintenance on the cash balance.