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Walter Company has the following information for the month of March: 0.50 points Walter Company has the following Information for the month of March: Cash

Walter Company has the following information for the month of March:image text in transcribed

0.50 points Walter Company has the following Information for the month of March: Cash balance. March 1 Collections from customers Paid to suppliers S 16,920 38,4500 22,700 ?50(1 8,450 4 600 Direct labor selling ad administrative expenses Walter pays all expenses in the month Incurred. Manufacturing overhead includes $1,400 for machinery depreclation, but the amount for selling and administrative expenses is excluslve of depreclation. Adcitionally, Walter also expects to buy a pece of property for S7 400 during March. Walter can borrow ln increments of $1.000 and would like to maintain a minimum cash balance of $10,000. Required: Prepare Walter's cash budget for the mnth of March. Beginning Cash Balance Budgcted Cash Rcceipts Budgeted Cash Payments Preliminary Cash Balaice Cash Borrawed Ending rash balance

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