Vaughn Dental Clinic is a medium-sized dental service specializing in family dental care. The clinic is currently preparing the master budget for the first 2 quarters of 2022. All that remains in this process is the cash budget. The following information has been collected from other portions of the master budget and elsewhere. Beginning cash balance $37,200 Required minimum cash balance 31,000 Payment of income taxes (2nd quarter) 4,960 Professional salaries: 1st quarter 173,600 2nd

Question 12 Vayphn Dental Clinic ha amedium-sised dertal service specializing in family dental care, The clinic h currently prepurine the muber budpet for the hrat 2 quarteri ot 2022 . All that remuins in thin process h the cash budget. The following indoriution has been colected trom other portions of the master budget and ebsewhere. Prepare a caph budget for each of the frst two quarters of 2022