Question

Use the following information to determine the ending cash balance to be reported on the month ended June 30 cash budget. 13 a. Beginning cash balance on June 1, $95,.200 b. Cash receipts from sales, $419,000 C. Budgeted cash disbursements for purchases, $274,000 d. Budgeted cash disbursements for salaries, $96,200. e. Other budgeted cash expenses, $58,200. f. Cash repayment of bank loan, $33,200. g. Budgeted depreciation expense, $35,200. 03:19.30d eBook

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Answer #1
Beginning cash balance on June 1 $95,200
Cash receipts from sales $419,000
Budgeted cash disbursements for purchases ($274,000)
Budgeted cash disbursements for salaries ($96,200)
Other budgeted cash expenses ($58,200)
Cash repayment of bank loan ($33,200)
Ending cash balance on June 30 $52,600
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