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Use the following information:

  1. Beginning cash balance on March 1, $80,000.
  2. Cash receipts from sales, $305,000.
  3. Budgeted cash payments for direct materials, $133,000.
  4. Budgeted cash payments for direct labor, $79,000.
  5. Other budgeted cash expenses, $37,000.
  6. Cash repayment of bank loan, $13,000.

Prepare a cash budget for the month ended on March 31 for Gado Company. The budget should show expected cash receipts and cash payments for the month of March and the balance expected on March 31.GADO COMPANY Cash Budget For Month Ended March 31 Total cash available Cash payments for: Total cash payments $ 0

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Answer #1

GADO Company

Cash Budget

For the month ended March 31

Beginning Cash balance 80000
cash receipt from sales 305000
Total cash available 385000
Less: Cash payments
Cash payment for direct material 133000
Cash payment for direct labor 79000
Other budgeted cash expense 37000
Cash payment for bank loan 13000
Total Cash payment 262000
ending Cash balance 123000
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