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Prepare Cash Budget from Budgeted Transactions and cash disbursements: 3. Budgeted cash disbursements for salaries and operating expenses for May total $162,000. 4. During May,
Prepare Cash Budget from Budgeted Transactions and cash disbursements: 3. Budgeted cash disbursements for salaries and operating expenses for May total $162,000. 4. During May, $25,000 of principal repayment and $4,000 of interest payment are due to the bank. 5. A $20,000 income tax deposit is due to the federal government during May. 6. A new delivery truck will be purchased during May for $5,500 cash and an $8,000 note payable. Depreciation for May will be $490. Prepare a cash budget for Campton Company for the month of May 2019
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