Question
Using the following information: a. Beginning cash balance on March 1, $79,000. b. Cash receipts from sales, $304,000. c. Cash payments for direct materials,
Using the following information: a. Beginning cash balance on March 1, $79,000. b. Cash receipts from sales, $304,000. c. Cash payments for direct materials, $133,000. d. Cash payments for direct labor, $74,000. e. Cash payments for overhead, $36,000. f. Cash payments for sales commissions, $7,000 g. Cash payments for interest, $100 (1% of beginning loan balance of $10,000) h. Cash repayment of loan, $10,000. Prepare a cash budget for March for Gado Company. Total cash available Less: Cash payments for Total cash payments Preliminary cash balance Loan activity Ending cash balance Loan balance, end of month GADO COMPANY Cash Budget March 0 0 $ 0 0 0
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