The controller of Bridgeport Housewares Inc, instructs you to prepare a monthly cash budget for the next three months. You are presented with the following budget information:

declared in October and paid in November, Management desires to maintain a minimum cash balance of $$42,000.$

Required:

Prepare a monthly cash budget and supporting schedules for September, October, and November. Assume $360$ days per year for interest calculations.

Bridgeport Housewares Inc.

Cash Budget

For the Three Months Ending November $30$

Line Item Descrimated cash receipts from:

September October November

Estimated cash receipts from:

Less estimated cash payments for:

$|$ s

Other purposes:

Cash balance at end of month

Total cash payments

$]$

$