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please explain this question properly Sheridan Dental Clinic is a medium-sized dental service specializing in family dental care. The clinic is currently preparing the budget
please explain this question properly
Sheridan 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: $ 30,000 20,000 3.900 140,300 Beginning cash balance Required minimum cash balance Payment of income taxes (2nd quarter) Professional salaries: 1st quarter 2nd quarter Interest from investments (2nd quarter) Overhead costs: 1st quarter 2nd quarter Selling and administrative expenses, including 140,300 6,900 94,100 119.500 $3,000 depreciation: 119,500 49,600 2nd quarter Selling and administrative expenses, including $3,000 depreciation: 1st quarter 2nd quarter Purchase of equipment (2nd quarter) Sale of equipment (1st quarter) Collections from clients 69.500 50.500 12.100 1st quarter 243.400 2nd quarter 390.900 Interest on repayments (2nd quarter) 310 Prepare a cash budget for each of the first two quarters of 2022 Prepare a cash budget for each of the first two quarters of 2022. SHERIDAN DENTAL CLINIC Cash Budget For the Two Quarters Ending June 30, 2022 Quarters 2 Total Step by Step Solution
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