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The red boxes answers are wrong. I need help with them thanks Problem 7-08A Your answer is partially correct. Try again. Bramble Corp. prepares monthly

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Problem 7-08A Your answer is partially correct. Try again. Bramble Corp. prepares monthly cash budgets. Here are relevant data from operating budgets for 2022. Sales Purchases Salaries Administrative expenses Selling expenses January $361,300 120,400 83,000 70,200 80,000 February $401,400 132,000 81,100 73,600 87,400 All sales and purchases are on account. Budgeted collections and disbursement data are given below. All other expenses are paid in the month incurred. Administrative expenses include $1,000 of depreciation per month Other data. 1. Collections from customers: January $333,800; February $378,000. 2. Payments for purchases: January $102,600; February $142,300. 3. Other receipts: January: collection of December 31, 2021, notes receivable $18,700; February: proceeds from sale of securities $5,700. 4. Other disbursements: February $12,500 cash dividend. The company's cash balance on January 1, 2022, is expected to be $48,700. The company wants to maintain a minimum cash balance of $63,330. Prepare a cash budget for January and February. (Do not leave any answer field blank. Enter O for amounts.) BRAMBLE CORP. Cash Budget For the Two Months Ending February 28, 2022 January February Beginning cash balance 48,700 63,330 Add Cash receipts Sale of securities 5,700 Collections from customers 333,800 378,000 Notes receivable 18,700 0 KE Total receipts 352500 378000 Total available cash 382500 447030 Less Cash disbursements Salaries 83,000 81,100 Selling expenses 80,000 87,400 x Administrative expenses 71,200 74600 Purchases 120,400 132,000 Dividends 12.500 Total disbursements 353600 386600 Excess deficiency) of available cash over disbursements 28900 60430 Financing Add Borrowings 2900 Less Repayments 0 Ending cash balance 28900 63,330 LINK TO TEXT

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