Midus ind has the following data for the month ended on March 31. Prepare cash budget for the month of March 2021 with expected balance at the end. Beginning cash balance on March 1= $82,000 Cash repayment of bank loan= $18,000 Other budgeted cash expenses= S39,000 Cash receipts from sales= $315,000 Budgeted cash disbursements for salaries=$83,000 Budgeted cash disbursements for purchases=$146,000

Midus ind has the following data for the month ended on March 31. Prepare cash budget for the month of March 2021 with expected balance at the end. Beginning cash balance on March 1= $82,000 Cash repayment of bank loan= $18,000 Other budgeted cash expenses= S39,000 Cash receipts from sales= $315,000 Budgeted cash disbursements for salaries=$83,000 Budgeted cash disbursements for purchases=$146,000

Principles of Accounting Volume 2

19th Edition

ISBN:9781947172609

Author:OpenStax

Publisher:OpenStax

Chapter7: Budgeting

Section: Chapter Questions

Problem 2PB: The following data were obtained from the financial records of Sonicbrush, Inc., for March: Sales...

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Relevant data from the Poster Companys operating budgets are: Additional data: Capital assets were sold in January for $10,000 and $4,500 in May. Dividends of $4,500 were paid in February. The beginning cash balance was $60,359 and a required minimum cash balance is $59,000. Use this information to prepare a cash budget for the first two quarters of the year
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