Required: numbers. Cash Budget For June Beginning cash balance Collections: Cash sales Credit sales: Current month % May credit sales April credit sales Total cash available 2. Conceptual Connection: Did the business show a negative cash balance for June? The owner of a plumbing supply company has requested a cash budget for June. After examining the records of the company, you find the following: a. Cash balance on June 1 is $1,336. b. Actual sales for April and May are as follows: paid by those customers in addition to what they owe. The remaining sales are uncollectible. d. Inventory purchases average 72% of a month's total sales. Of those purchases, 20% are paid for in the month of purchase. The remaining 80% are paid for in the following month. e. Salaries and wages total $11,750 per month, including a $4,500 salary paid to the owner. f. Rent is $4,600 per month. g. Taxes to be paid in June are $6,780