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Using the following information: Beginning cash balance on March 1, $77,000. Cash receipts from sales, $309,000. Cash payments for direct materials, $136,000. Cash payments for

Using the following information:

  1. Beginning cash balance on March 1, $77,000.
  2. Cash receipts from sales, $309,000.
  3. Cash payments for direct materials, $136,000.
  4. Cash payments for direct labor, $75,000.
  5. Cash payments for overhead, $39,000.
  6. Cash payments for sales commissions, $7,000
  7. Cash payments for interest, $190 (1% of beginning loan balance of $19,000)
  8. Cash repayment of loan, $19,000.

Prepare a cash budget for March for Gado Company.

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