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Why is this incorrect? Not sure what is wrong with preparing cash budget here? 16 _ Award: use out of too polnt 05 20-24 Cash

Why is this incorrect? Not sure what is wrong with preparing cash budget here?

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16 _ Award: use out of too polnt 05 20-24 Cash budget LO P2 Use the following information: a. Beginning cash balance on March 1, $2,000. b. Cash receipts from sales, $3lllllll]. c. Budgeted cash disbursements for purchases, $14,lll]l]. d. Budgeted cash disbursements for salan'es, $B,l]llll_ e. Other budgeted cash expenses. $45,l]l]ll_ l. Cash repayment of bank loan. $20,l]l]ll_ Prepare a cash budget for the month ended on llllarch 31 for Gado Company. The budget should shoy.r expected cash receipts and cash disbursements for the month of March and the balance expected on March 31. [Negative balance and Loan repayment amount should be indicated with minus sign.] rannu 0 anonnn 0 Beginning cash balance Cash receipts from sales Total cash available 3?2,l]l]ll Cash disbursements: 'l-il,l]l]ll 9 Ellll a 45,l]l]ll a 2i],l]l]ll 9 Payments for purchases Salaries Clth er expenses Repayment of bank loan Total cash disbursements 235,000 $ BIDDU _- _- -- _- _- _- _- _- _- _- _! Ending cash balance

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