Oneida Company's operations began in August. August sales were $$150,000$ and purchases were $$110,000.$ The beginning cash balance for september is $$31,000.$ Oneida's owner approaches the bank for a $$102,500$ loan to be made on September $2$ and repaid on November $30.$ The bank's loan officer asks the owner to prepare monthly cash budgets. Its budgeted sales, merchandise purchases, and cash payments for other expenses for the next

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Required $3$

Prepare the cash budget.

$\backslash$table$[[$ONEIDA COMPANY$],[$Cash Budget$],[,$September,October,November$],[$Beginning balance,$$,31,000,$$$,105,875,$$$,61,250],[$Add: Cash receipts from sales$],[$Total cash available,,$31,000,,105,875,,61,250],[$Less: Cash payments for$],[$Payments on accounts payable$],[$Salaries$],[$Rent$],[$Insurance$],[$Interest on loan$],[$Total cash payments,,$0,,0,,0],[$Preliminary cash balance$],[$Loan activity$],[$Additional loan$],[$Repayment of loan$],[$Ending cash balance,,,,,,$]]$ three months follow.

$\backslash$table$[[$Budgeted$,$September,October,November$],[$Sales$,$$$240,000,$$$425,000,$$$480,000$