Use the following information to prepare a cash budget for the month ended on March 31 for
Question:
a. Beginning cash balance on March 1, $82,000.
b. Cash receipts from sales, $300,000.
c. Budgeted cash disbursements for purchases, $120,000.
d. Budgeted cash disbursements for salaries, $80,000.
e. Other budgeted cash expenses, $55,000.
f. Cash repayment of bank loan, $30,000.
Cash Budget
A cash budget is an estimation of the cash flows for a business over a specific period of time. These cash inflows and outflows include revenues collected, expenses paid, and loans receipts and payment. Its primary purpose is to provide the...
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Sosa Company Cash Budget For Month Ended March 31 Beginning cash ...View the full answer
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Related Book For 
Fundamental Accounting Principles
ISBN: 978-0078110870
20th Edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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