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Using the following information: a. Beginning cash balance on March 1, $73,000. b. Cash receipts from sales, $304,000. c. Cash payments for direct materials, $134,000.
Using the following information: a. Beginning cash balance on March 1, \$73,000. b. Cash receipts from sales, $304,000. c. Cash payments for direct materials, $134,000. d. Cash payments for direct labor, $74,000. e. Cash payments for overhead, $44,000. f. Cash payments for sales commissions, $7,000 g. Cash payments for interest, $120 ( 1% of beginning loan balance of $12,000 ) h. Cash repayment of loan, $12,000. Prepare a cash budget for March for Gado Company. \begin{tabular}{|l|l|l|} \hline & GADO COMPANY \\ \hline & Cash Budget \\ \hline Total cash available & & \\ \hline Less: Cash payments for & & \\ \hline & & \\ \hline Ending cash balance & & \\ \hline Loan balance, end of month & & \\ \hline Total cash payments & & \\ \hline Preliminary cash balance & & \\ \hline \end{tabular}
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