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Cash Budget Wilson's Retail Company is planning a cash budget for the next three months. Estimated sales revenue is as follows

Wilson's Retail Company is planning a cash budget for the next three months. Estimated sales revenue is a Month Sales Revenue Month January $300,000 March February 210,000 April Sales Revenue $200,000 190,000 All sales are on credit; 60 percent is collected during the month of sale, and 40 percent is collected during t Prepare monthly cash budgets for February, March, and April. Use negative signs only with beginning and ending cash balances, when appropriate. Do not use n Wilson's Retail Company Cash Budgets February, March, and April February March April Cash balance, beginning 0 78000 0 0 Total Cash receipts Cash available Total disbursements Cash balance, ending s. Estimated sales revenue is as follows: 40 percent is collected during the next month. Cost of goods sold is 70 percent of sales. Payments for merchandise sold ar hen appropriate. Do not use negative signs with disbursement answers. or merchandise sold are made in the month following the month of sale. Operating expenses total $41,000 per month and a 41,000 per month and are paid during the month incurred. The cash balance on February 1 is estimated to be $20,000. ated to be $20,000