Problem $22-6$AA $($Algo$)$ Merchandising: Preparation of cash budgets $($for three periods$)$ LO P$4$

Oneida Company's operations began in August. August sales were $$170,000$ and purchases were $$110,000.$ The beginning cash balance for september is $$31,500.$ Oneida's owner approaches the bank for a $$102,500$ loan to be made on September $2$ and repaid on November $30.$ The bank's loan officer asks the owner to prepare monthly cash budgets. Its budgeted sales, merchandise purchases, and cash payments for other expenses for the next three months follow.

$\backslash$table$[[$Budgeted$,$September,October,November$],[$Sales$,$$$230,000,$$$425,000,$$$510,000$