Use the following information to prepare the September cash budget for PTO Co. The following information relates to expected cash receipts and cash payments for the month ended September 30 a. Beginning cash balance. September 1.842.000 b. Budgeted cash receipts from sales in September $256.000 c. Raw materials are purchased on account. Purchase amounts are August ( 576.000, and September (petedt So.000 Payments for direct materials are made as follows 60 in the month of purchase and 40% in the month following purchase d. Budgeted cash payments for direct labor in September $37000 e. Budgeted depreciation expense for September 53.400 f. Other cash expenses budgeted for September 550 000 g. Accrued income taxes payable in September 510500 h. Bank loan interest payable in September 51400 in rences PTO MANUFACTURING COMPANY Cash Budget For Month Ended September 30 Beginning cash Cash receipts from sales Total cash Me Type here to search 5. U T R E J. K H F F S M M N B xllc Saved 6 f. Other cash expenses budgeted for September, $60,000 g. Accrued income taxes payable in September, $10,600. h. Bank loan interest payable in September, $1,400 1 points eBook Hint AR References PTO MANUFACTURING COMPANY Cash Budget For Month Ended September 30 Beginning cash balance Cash receipts from sales Total cash available Cash payments for Direct materials Direct labor Other expenses Accrued taxes Interest on bank loan Total cash payments Ending cash balance M Graw Type here to search a