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The following information pertains to Amigo Corporation: Sales $30,000 34,000 38,000 42,000 48,000 60,000 Purchases Month July August September October November December $10,000 12,000 14,000

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The following information pertains to Amigo Corporation: Sales $30,000 34,000 38,000 42,000 48,000 60,000 Purchases Month July August September October November December $10,000 12,000 14,000 16,000 18,000 20,000 Cash is collected from customers in the following manner: 45% Month of sale Month following sale Two months following sale 40% 10% 5% Amount uncollectible 50% of purchases are paid for in cash in the month of purchase, and the other 50% is paid the following month. Required: Complete the cash budget for the 4th quarter October November Beginning Balance:$30,000 2 k) ? Cash Collections from: August September October November December

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