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The following information was used by the Long Corporation to prepare a cash budget for April: Cash balance beginning of April $ 16,000 Expected cash
The following information was used by the Long Corporation to prepare a cash budget for April:
| Cash balance beginning of April | $ | 16,000 | |
| Expected cash receipts in April | 272,000 | ||
| Sales salaries paid | 62,000 | ||
| Material purchases (all cash) | 94,000 | ||
| Depreciation charges | 44,000 | ||
| Other expenses (all cash) | 96,000 |
What is the budgeted ending cash balance in April?
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College Accounting Chapters 1- 15
Authors: James A Heintz, Robert W Parry
23rd Edition
1337794767, 9781337794763
