View Police Current Attempt in Progress Quest Account Pharoah Company expects to have a cash balance of $64.800 on January 1, 2017. These are the relevant monthly budget data for the first two months of 2017 Questi untir 1 2 3 4 Questi Collections from customers January $89.900, February $164,800. Payments to suppliersJanuary 558,300. February 593,800. Wages: January 30.530, February $40.530 Wages are paid in the month they are incurred. Administrative perses: January $21.530, February 524,530. These costs include depreciation of $1,000 per month. All other costs are paidas incurred Seling expenses January 515 530. February $20.530. These costs are exclusive of depreciation. They are paid as incurred Sales of short-term investments in January are expected to realize $12.530 in cash. Pharoah Company has a line of credit at local bank that enables it to borrow up to $25.000. The company wants to maintain a minimum monthly cash balance of $38.800 Viewing 5 6 Question Arron Question Prepare a cash budget for January and February PHAROAH COMPANY Cash Budget Question January Questions February Question o Question 10 I My Wam Monier M. + Ch 7: End-of-Chapter Practice Question List Question 4 of 10 Question 1 Nanting to Question 2 Question 3 Viewing Question 4 cured Questions Question Question 7 Question Questions Textbook and Media Attempts of wood Question 10 Sub