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The following information pertains to Amigo Corporation: Sales Purchases Month July August September October November December $10,000 12,000 14,000 16,000 18,000 20,000 $30,000 34,000 38,000

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The following information pertains to Amigo Corporation: Sales Purchases Month July August September October November December $10,000 12,000 14,000 16,000 18,000 20,000 $30,000 34,000 38,000 42,000 48,000 60,000 . Cash is collected from customers in the following manner Month of sale (2% cash discount) Month following sale Two months following sale Amount uncollectible 40% of purchases are paid for in cash in the month of purchase, and the balance is pai 30% 50% 15% 5% following month. Required: Complete the cash budget for the 4th quarter October November December Beginning Balance: $10,000 Cash Collections from: August September Octob

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