Purchases and Cash Budgets

On July 1, MTC Wholesalers had a cash balance of $350,000 and accounts payable of $198,000. Actual sales for May and June, and budgeted sales for July, August, September, and October are:

MTC Wholesalers Purchases Budget For the Months of July August , and September July August September Inventory required , current sales Desired ending inventory Total inventory needs Less beginning inventory PurchasesMonth Actual Sales Month Budgeted Sales May $300 050 July 5 180.090 JUNE 320 090 AUGUST 160.090 September 200 090 October 240.090Cash Budget For the Months of July August , and September July AUELS September Cash balance , beginning Cash receipts Current month's sales Previous month's sales Sales two months prior Total receipts Cash available Cash disbursements Purchases Operating costs Total disbursements Cash balance , ending