PQR Ltd. provided the following data for June 2023:

Cash balance on June 1: $14,000

Receipts:

• Cash Sales: $20,000
• Collection from Accounts Receivable: $12,000

Payments:

• Salaries: $10,000
• Rent: $4,000
• Utilities: $1,500
• Loan Repayment: $3,000

Requirements:

1. Prepare the cash receipts journal for June 2023.
2. Prepare the cash payments journal for June 2023.
3. Prepare the cash budget for June 2023.
4. Determine the cash balance as of June 30, 2023.
5. Evaluate the impact of the loan repayment on the cash budget.