Question 12 of 14 1/10.3 III View Policies Current Attempt in Progress The following estimated information is available for Sheffield Motors for the month of October: Cash receipts from customers $ 78,320 Payments for inventory 23,650 Payments for salaries 11,440 Receipt of interest on investments 880 Cash payments of income taxes 8.580 Cash payments of administrative expenses 12.100 Dividends to be paid 15,400 Capital expenditures 8,800 Depreciation expense 4,620 The cash balance at September 30 is $4,730. Management wishes to maintain a minimum cash balance of $ 4,400. Instructions Prepare a basic cash budget for the month of October. Sheffield Motors Cash Budget for the Month of October A V S $ e Textbook and Media Save for Later Attempts: 0 of 5 used Submit