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Oriole Dental Clinic is a medium-sized dental service specializing in family dental care. The clinic is currently preparing the budget for the first two quarters
Oriole Dental Clinic is a medium-sized dental service specializing in family dental care. The clinic is currently preparing the budget for the first two quarters of 2022. It still needs to do only the cash budget. It has collected the following information from parts of the master budget and elsewhere: Beginning cash balance $ 30,000 Required minimum cash balance 20.000 Payment of income taxes (2nd quarter) 3,900 Professional salaries: 1st quarter 139.600 2nd quarter 139.600 Interest from investments (2nd quarter) 7.000 Overhead costs: 1st quarter 95.100 2nd quarter 119,700 Selling and administrative expenses, including $3.100 depreciation TILSTUTTGT GOTOTO 1st quarter 139,600 2nd quarter 139,600 Interest from investments (2nd quarter) 7.000 Overhead costs: 1st quarter 95,100 2nd quarter 119.700 Selling and administrative expenses, including $3,100 depreciation: 1st quarter 49.900 2nd quarter 69.300 Purchase of equipment (2nd quarter) 50.500 Sale of equipment (1st quarter) 11.900 Collections from clients: 1st quarter 247.200 2nd quarter 386.700 Interest on repayments (2nd quarter) 248 1C Partly cl Excess of cash available over cash disbursements 7600 33800 Financing V Add Borrowing Less Repayment $ $ $ Save for Later Last saved 7 minutes ago. Attempts: 0 of 1 used Submit Answer Saved work will be auto-submitted on the due date. Auto- submission can take up to 10 minutes
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