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TH 9 Print item Cash Budget The owner of a building supply company has requested cash budget for lune. After camining the records of the company, you find the food a. Cash balance on June 115 $1,386 16. Actual sales for April and May are as follows April May Cash sales $10,000 $18.000 Credit sales 20.000 35.000 Total sales 8,000 $53,000 Credit sales are collected over month periodo in the month of an inte second monit, do te their month the sale colected in the the the fo, which is paid by the customers in addition to what the remaining with Inventory has won el paid for mere her Salaries and was total $11.750 per month, including a 14.300 paid to the owne 100 er month Taxes to be aldean 70 The owner also tell you that the expects cash sales of $1.000 and credit 154.00 toru Nimelt to or loan Prepare a cash budget for June. Include supporting schedules for cash collections and cash payment. Yound calculations and final words to the rear dolar de website erreges a whole numbers Cash Budget For June Beginning cash balance Collections Cash sales Credit sales Current month May credits Agricot Total cash available o Last burants The purchase Current mich Prior month I IL Inventory purchases: Current month X % Prior month x % Salaries and wages III Rent Taxes Total cash needs Excess of cash available over needs 2. Conceptual Connection: Did the business show a negative cash balance for June? Cash Budget The owner of a building supply company has requested a cash budget for an Alter examining the records of the company. you find the following: a. Cash balance on June 1356 b. Actual sales for April and May are as follows: April May Cath was $10,000 $18.000 Credits 20,000 35,000 Total 8.900 350.000 c. Credit sales exelected over month period in the month of 30 in the second month, and in the third mooth. The ses collected in the third month are we toote tee, which is paid by the customers in addition to what they owe the remaining are collectie Inventory purchases average 70 of month's total sales of those purch, 2014 at bald for in the month of them are paid for in the following Salaries and wage total 1250 month, including a $4.500 lary Dad to the one Hent5 54,300 per month lo: Taxes to be paid to June 3,7 the owner also tell you that the expects cash sales of $18,500 and credit sales of $54,000 for Juner cable is required. The owner of the company doesn't have to start