se 22-25A andising: ing a cash budgeta. Beginning cash balance on July 1: $50,000. Use the following information to prepare the July cash budget for Acco Co. It should show receipts and cash payments for the month and the cash balance expected on July 31 expected cash b. Cash receipts from sales: 30% is collected in the month of sale, 50% in the next month, and 20% in the second month after sale (uncollectible accounts are negligible and can be ignored). Sales amounts are: May (actual). S1,720.000: June (actual), $1,200,000; and July (budgeted), $1,400,000