The following information is from Tejas WindowTint's financial records.

Month	Sales	Purchases
April	$	81,000		$	60,000
May		71,000			51,000
June		63,000			39,000
July		88,000			57,000

Collections from customers are normally 67 percent in the month of sale, 19 percent in the month following the sale, and 13 percent in the second month following the sale. The balance is expected to be uncollectible. All purchases are on account. Management takes full advantage of the 4 percent discount allowed on purchases paid for by the tenth of the following month. Purchases for August are budgeted at $70,000, and sales for August are forecasted at $76,000. Cash disbursements for expenses are expected to be $14,400 for the month of August. The company's cash balance on August 1 was $36,000. Required: 1.Prepare the expected cash collections during August. 2.Prepare the expected cash disbursements during August. 3.Calculate the expected cash balance on August 31.

Prepare the expected cash collections during august:

TEJAS WINDOW TINT
Expected Cash Collections
August
Month	Sales	Percent	Expected Collections
August			%
July			%
June			%
Total				$0

Prepare the expected cash disbursements during August

TEJAS WINDOW TINT
Expected Cash Disbursements
August
July purchases to be paid in August
Net
Cash disbursements for expenses
Total	$0

Calculate the expected cash balance on August 31st.

TEJAS WINDOW TINT
Expected Cash Balance
August 31
Balance, August 1
Add: Expected collections
Less: Expected disbursements
Expected balance