Nunez Company expects to have a cash balance of $44,000 on January 1, 2020. Relevant monthly budget data for the first two months of 2020 are as follows:

1.		Collections from customers: January $98,000; February $161,000
2.		Payments to suppliers: January $61,000; February $78,000
3.		Direct labour: January $32,000; February $46,000. Wages are paid in the month they are incurred.
4.		Manufacturing overhead: January $27,000; February $30,000. These costs include depreciation of $1,000 per month. All other overhead costs are paid as incurred.
5.		Selling and administrative expenses: January $15,000; February $20,000. These costs are exclusive of depreciation. They are paid as incurred.
6.		Sales of marketable securities in January are expected to realize $9,000 in cash.

Nunez Company has a line of credit at a local bank. It can borrow up to $24,000. The company wants to keep a minimum monthly cash balance of $17,000. Prepare a cash budget for January and February.

NUNEZ COMPANY Cash Budget For the Two Months Ending February 29, 2020
	Month
		Jan		Feb		Total
select an opening cash budget item FinancingEnding Cash BalanceTotal FinancingTotal DisbursementsDisbursementsTotal ReceiptsExcess of Available Cash Over Cash DisbursementsTotal Available CashCash ReceiptsBeginning Cash Balance		$enter a dollar amount		$enter a dollar amount		$enter a total for the row
select between addition and deduction AddLess: select an opening name for section one Total Available CashTotal ReceiptsEnding Cash BalanceBeginning Cash BalanceCash ReceiptsTotal FinancingExcess of Available Cash Over Cash DisbursementsFinancing
select a cash budget item RepaymentSelling And Administrative ExpensesCollection From CustomersDirect MaterialsBorrowingDirect LabourIncome Tax ExpenseCollection Of Notes ReceivableManufacturing OverheadPurchase Of LandSale Of Marketable Securities		enter a dollar amount		enter a dollar amount		enter a total for the row
select a cash budget item Direct MaterialsIncome Tax ExpenseManufacturing OverheadBorrowingSale Of Marketable SecuritiesCollection From CustomersRepaymentSelling And Administrative ExpensesCollection Of Notes ReceivableDirect LabourPurchase Of Land		enter a dollar amount		enter a dollar amount		enter a total for the row
select a closing name for section one Total ReceiptsTotal Available CashEnding Cash BalanceTotal DisbursementsFinancingTotal FinancingDisbursementsExcess of Available Cash Over Cash DisbursementsBeginning Cash BalanceCash Receipts		enter a total amount for section one		enter a total amount for section one		enter a total amount for section one