Prosser Company is a retail stdke that sells seasonal sporting goods They have budgeted the activity for the company for June as follows Cash sales Credit sales (60 collected in month of sale) $25,000 380,000 Selling and administrative costs (including 50,000 depreciation) Depreciation expense 5,000 Materials Purchases 221,750 Beginning cash balance 3,000 Minimum cash balance required 2,500 All purchases are paid in cash Selling and administrative costs are paid in month of purchase Required Prepare a cash budget for June Be sure to put the budget in good form

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Prosser Company is a retail stdke that sells seasonal sporting goods  They have budgeted the activity for the company for June as follows  Cash sales Credit sales (60  collected in month of sale) $25,000 380,000 Selling and administrative costs (including 50,000 depreciation) Depreciation expense 5,000 Materials Purchases 221,750 Beginning cash balance 3,000 Minimum cash balance required 2,500 All purchases are paid in cash Selling and administrative costs are paid in month of purchase Required  Prepare a cash budget for June  Be sure to put the budget in good form

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Prosser Company is a retail stdke that sells seasonal sporting goods. They have budgeted the activity for the company for June as follows: Cash sales

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