QS 22-23 (Algo) Cash budget LO P2 Santos Company is preparing a cash budget for February. The company has $13,000 cash at the beginning of February and budgets $67.000 in cash receipts from sales and $118,000 in cash payments during February. Prepare the cash budget for February assuming the company maintains a $6,000 minimum cash balance and will take a loan if necessary to maintain this balance. The company has no loans outstanding on February 1. (Negative cash balances, if any, should be indicated with minus sign.) SANTOS CO Cash Budget February Beginning cash balance Total cash available Proteinsy cash balance Loan activity Ending cash balance Loan balance, end of month QS 22-26A (Algo) Merchandising: Schedule of cash payments LO P4 Garda purchased $640,000 of merchandise in August and budgets merchandise purchases of $720,000 in September. Merchandise purchases are paid as follows: 25% in the month of purchase and 75% in the month after the purchase Prepare a schedule of cash payments for merchandise purchases for September GARDA Schedule of Cash Payments for Merchandise Purchases September Merchandise purchases $ 720.000 Cash payments for Current period purchases Prior penod purchases Total cash payments for merchandise purchases