Question
Schedule of Expected Cash Disbursements - Operating Expenses April May June Quarter Commissions $ 7,200 Rent 2,500 Other expenses 3,600 Totaldisbursements $13,300 Complete the following
Schedule of Expected Cash Disbursements - Operating Expenses
April
May
June
Quarter
Commissions
$ 7,200
Rent
2,500
Other expenses
3,600
Totaldisbursements
$13,300
- Complete the following cash budget:
Cash Budget
April
May
June
Quarter
Cash balance, beginning
$8,000
Add cash collections
56,000
Total cash available
$64,000
Less cash disbursements
For inventory
$47,850
For expenses
13,300
For equipment
1,500
Total cash disbursements
62,650
Excess (deficiency) of cash
$1,350
Financing:
Etc.
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Income Tax Fundamentals 2013
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
31st Edition
1111972516, 978-1285586618, 1285586611, 978-1285613109, 978-1111972516
