O Outlook Web App Course Catalog - BHCG Sex Question 3 - Chapter 22 - X r Wakefield, MA Real Estate cation.com/ext/map/index.html?_con=con&external browser=0&launchUrl=https%253A%252F%252Fnewconnect.mheducation.cc oblem Solving Saved Help Use the following information to prepare the July cash budget for Acco Co. It should show expected cash receipts a for the month and the cash balance expected on July 31. a. Beginning cash balance on July 1: $72,000. b. Cash receipts from sales: 25% is collected in the month of sale, 50% in the next month, and 25% in the second me (uncollectible accounts are negligible and can be ignored). Sales amounts are May (actual). $1,800,000; June (act and July (budgeted) $1,520,000. c. Payments on merchandise purchases: 55% in the month of purchate and 45% in the month following purchase. P are: June (actual), $570,000; and July (budgeted) $640,000. d. Budgeted cash payments for salaries in July: $390,000. e. Budgeted depreciation expense for July: $12,000. f. Other cash expenses budgeted for July: $100,000. g. Accrued income taxes due in July: $90,000. h. Bank loan interest paid in July: $10,000. Complete this question by entering your answers in the tabs below. Calculation Cash Budget , C search 99+ FB F9 F12 F10 FA F5 F6 =2 A % & a + o 7 6 5 4 3 2 0 T R E Y . G K J F S M B N N X C Alt Alt oblem Solving i Saved Use the following information to prepare the July cash budget for Acco Co. It should show expected cash rece for the month and the cash balance expected on July 31. a. Beginning cash balance on July 1: $72,000. b. Cash receipts from sales: 25% is collected in the month of sale, 50% in the next month, and 25% in the secc (uncollectible accounts are negligible and can be ignored). Sales amounts are May (actual). $1,800,000; Jun and July (budgeted) $1,520,000. c. Payments on merchandise purchases: 55% in the month of purchate and 45% in the month following purch are: June (actual). $570,000; and July (budgeted) $640,000. d. Budgeted cash payments for salaries in July: $390,000. e. Budgeted depreciation expense for July: $12,000. f. Other cash expenses budgeted for July: $100,000. g. Accrued income taxes due in July: $90,000 h. Bank loan interest paid in July: $10,000. Complete this question by entering your answers in the tabs below. Calculation Cash Budget