Sample Master Budget OctoberXYZ CompanyBalance SheetSeptember $30,20$xx$1.25\%$ of September Accounts Receivable and $50\%$ of Sales is

expected to be collected$\mathrm{.}2.30\%$ of September Accounts Payable and $50\%$ of purchases is

expected to be paid$\mathrm{.}3.$ Interest on the Note Receivable is $8\%$ and is paid monthly.

$($Round the interest to the nearest dollar.$)$ $$400$ of principal is

due in October$\mathrm{.}4.$ Depreciation is calculated using the straightline method. The

equipment was purchased September $30$ and is expected to last $5$

years. $($Round the depreciation to the nearest dollar.$)5.$ A computer costing $$500$ will be purchased on account at the

end of October. It will not be depreciated until November$\mathrm{.}6.$ Expenses in October are Salaries $$500,$ Advertising $$100.$ You

will need to calculate interest and depreciation. Salaries,

Advertising and Interest will be paid in October.Sales Budget$$Merchandise Purchases Budget OctoberInvOctober $31-$InvSept $30=$Need to$$Purchase$$Expense Budget$$Cash Budget October$$