The owner of a building supply company has requested a cash budget for une Aer camining the records of the company, you find the following Cash balance on June 1 is $1.236 Actual sales for Art and May are as follows: April May Ches $10,000 $18,000 Credit sales 28.900 35,000 c Total sales $38,900 $53,000 Credit sales are collected over a 3-month period: 40% in the month of the second month and 20 th month. The sales collected in the third month are subject to a which adythose cus t ot they owe. The remaining sales are uncoctible hventory burchase average 70% of total of those pura 20 are paid for the more of rem o we paid for in the more Salaries and wages total $11,750 per month, inducing a $4.500 salary paid to the owner Rent is 54,700 per month 9. Thes to be paid in June are 56,780. The The owner also tell you that he expects cash sales of $18.600 and credit ales of $54,000 for June. No minimum cash balance is required. The owner of the company doesn't have access to short-term loans Required: 1. Prepare a budget for und sorgschefor cash in t o the nearest Betonte peres a whole numbers and payments and ca nsand Cash Budget For June Beginning cash balance Collections Cash sales Previous Next > moto submit Ausgrene for Oradea Al work saved Emal parco delete H I J K L Cash sales Credit sales: Current month May credit sales Aprill credit sales Total cash available Less disbursements: Inventory purchases: Current month Prior month Salaries and wages Rent Taxes Total cash needs Excess of cash available over needs 2. Conceptual Connection: Did the business show a negative cash balance for June Check My Work 5 more Check My Work uses remaining A were brucia Save and be sont disponere for Creare LOP