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Oneida Company's operations began in August. August sales were $ 1 5 0 , 0 0 0 and purchases were $ 1 1 0 ,
Oneida Company's operations began in August. August sales were $ and purchases were $ The beginning cash balance for september is $ Oneida's owner approaches the bank for a $ loan to be made on September and repaid on November 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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Prepare the cash budget.
tableONEIDA COMPANYCash BudgetSeptember,October,NovemberBeginning balance,$$$Add: Cash receipts from salesTotal cash available,,Less: Cash payments forPayments on accounts payableSalariesRentInsuranceInterest on loanTotal cash payments,,Preliminary cash balanceLoan activityAdditional loanRepayment of loanEnding cash balance,,,,,, three months follow.
tableBudgetedSeptember,October,NovemberSales$$$
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