Homework Answers
| 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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Use the following information to determine the ending cash balance to be reported on the month...
Use the following information to determine the ending cash balance to be reported on the month ended June 30 cash budget. Beginning cash balance on June 1, $94,500. Cash receipts from sales, $415,500...
Use the following information to determine the ending cash balance to be reported on the month ended June 30 cash budget. Beginning cash balance on June 1, $94,500. Cash receipts from sales, $415,500. Budgeted cash disbursements for purchases, $270,500. Budgeted cash disbursements for salaries, $95,500. Other budgeted cash expenses, $57,500. Cash repayment of bank loan, $32,500. Budgeted depreciation expense, $34,500.
Use the following information: Beginning cash balance on March 1, $82,000. Cash receipts from sales, $306,000....
Use the following information: Beginning cash balance on March 1, $82,000. Cash receipts from sales, $306,000. Budgeted cash payments for direct materials,$135,000. Budgeted cash payments for direct labor $72,000. Other budgeted cash expenses, $38,000. 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 disbursements for the month of March and the balance expected on March 31. Gado Company Cash Budget...
Use the following information: a. Beginning cash balance on March 1 $81,000. b. Cash receipts from...
Use the following information: a. Beginning cash balance on March 1 $81,000. b. Cash receipts from sales, $301.000 c. Budgeted cash payments for direct materials $133,000 d. Budgeted cash payments for direct labor $73.000. e. Other budgeted cash expenses. $45,000, 1. Cash repayment of bank loan, $19.000 Prepare a cash budget for the month ended on March 31 for Gado Company. The budget should show expected cash receipts and cash disbursements for the month of March and the balance expected...
Use the following information: Beginning cash balance on March 1, $72,000. Cash receipts from sales, $304,000....
Use the following information: Beginning cash balance on March 1, $72,000. Cash receipts from sales, $304,000. Budgeted cash payments for direct materials,$140,000. Budgeted cash payments for direct labor $79,000. Other budgeted cash expenses, $37,000. Cash repayment of bank loan, $14,000. Prepare a cash budget for the month ended on March 31 for Gado Company. The budget should show expected cash receipts and cash disbursements for the month of March and the balance expected on March 31. GADO COMPANY Cash Budget...
22-3 Use the following information: a. Beginning cash balance on March 1. $72.000. b. Cash receipts...
22-3
Use the following information: a. Beginning cash balance on March 1. $72.000. b. Cash receipts from sales. $300.000. c. Budgeted cash payments for direct materials, $140,000. d. Budgeted cash payments for direct labor, $80.000. e. Other budgeted cash expenses, $45,000. f. Cash repayment of bank loan. $20,000. Prepare a cash budget for the month ended on March 31 for Gado Company. The budget should show expected cash receipts and cash disbursements for the month of March and the balance...
Prepare a cash budget for the month ended on March 31 for Gado Company. The budget should show expected cash receipts and cash disbursements for the month of March and the balance expected on March 31.
Use the following information:a. Beginning cash balance on March 1, $80,000.b. Cash receipts from sales, $303,000.c. Budgeted cash payments for direct materials, $135,000.d. Budgeted cash payments for direct labor $75,000.e. Other budgeted cash expenses, $36,000.f. Cash repayment of bank loan, $16,000.Prepare a cash budget for the month ended on March 31 for Gado Company. The budget should show expected cash receipts and cash disbursements for the month of March and the balance expected on March 31.
Prepare Cash Budget from Budgeted Transactions Prepare a cash budget for the month ended May 31,...
Prepare Cash Budget from Budgeted Transactions Prepare a cash budget for the month ended May 31, 2019. Campton Company anticipates a cash balance of $91,000 on May 1, 2019. The following budgeted transactions for May 2019 present data related to anticipated cash receipts and cash disbursements: 1. For May, budgeted cash sales are $67,000 and budgeted credit sales are $507,000. (Credit sales for April were $450,000.) In the month of sale, 40% of credit sales are collected, with the balance...
Prepare a cash budget for the month ended May 31, 2019. Campton Company anticipates a cash...
Prepare a cash budget for the month ended May 31, 2019. Campton Company anticipates a cash balance of $77,000 on May 1, 2019. The following budgeted transactions for May 2019 present data related to anticipated cash receipts and cash disbursements: 1. For May, budgeted cash sales are $53,000 and budgeted credit sales are $493,000. (Credit sales for April were $450,000.) In the month of sale, 40% of credit sales are collected, with the balance collected in the month following sale....
Prepare Cash Budget from Budgeted Transactions Prepare a cash budget for the month ended May 31,...
Prepare Cash Budget from Budgeted Transactions Prepare a cash budget for the month ended May 31, 2019. Campton Company anticipates a cash balance of $97,000 on May 1, 2019. The following budgeted transactions for May 2019 present data related to anticipated cash receipts and cash disbursements: 1. For May, budgeted cash sales are $73,000 and budgeted credit sales are $513,000. (Credit sales for April were $450,000.) In the month of sale, 40% of credit sales are collected, with the balance...
Use the following information: a. Beginning cash balance on March 1, $82,000 b. Cash receipts from...
Use the following information: a. Beginning cash balance on March 1, $82,000 b. Cash receipts from sales, $309,000 c. Budgeted cash payments for direct materials, $130,000. d. Budgeted cash payments for direct labor, $80,000. e. Other budgeted cash expenses, $36,000. f. Cash repayment of bank loan, $14,000 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...
Use the following information: a. Beginning cash balance on March 1 $81,000. b. Cash receipts from sales, $301.000 c. Budgeted cash payments for direct materials $133,000 d. Budgeted cash payments for direct labor $73.000. e. Other budgeted cash expenses. $45,000, 1. Cash repayment of bank loan, $19.000 Prepare a cash budget for the month ended on March 31 for Gado Company. The budget should show expected cash receipts and cash disbursements for the month of March and the balance expected...
22-3
Use the following information: a. Beginning cash balance on March 1. $72.000. b. Cash receipts from sales. $300.000. c. Budgeted cash payments for direct materials, $140,000. d. Budgeted cash payments for direct labor, $80.000. e. Other budgeted cash expenses, $45,000. f. Cash repayment of bank loan. $20,000. Prepare a cash budget for the month ended on March 31 for Gado Company. The budget should show expected cash receipts and cash disbursements for the month of March and the balance...
Prepare Cash Budget from Budgeted Transactions Prepare a cash budget for the month ended May 31, 2019. Campton Company anticipates a cash balance of $91,000 on May 1, 2019. The following budgeted transactions for May 2019 present data related to anticipated cash receipts and cash disbursements: 1. For May, budgeted cash sales are $67,000 and budgeted credit sales are $507,000. (Credit sales for April were $450,000.) In the month of sale, 40% of credit sales are collected, with the balance...
Prepare a cash budget for the month ended May 31, 2019. Campton Company anticipates a cash balance of $77,000 on May 1, 2019. The following budgeted transactions for May 2019 present data related to anticipated cash receipts and cash disbursements: 1. For May, budgeted cash sales are $53,000 and budgeted credit sales are $493,000. (Credit sales for April were $450,000.) In the month of sale, 40% of credit sales are collected, with the balance collected in the month following sale....
Use the following information: a. Beginning cash balance on March 1, $82,000 b. Cash receipts from sales, $309,000 c. Budgeted cash payments for direct materials, $130,000. d. Budgeted cash payments for direct labor, $80,000. e. Other budgeted cash expenses, $36,000. f. Cash repayment of bank loan, $14,000 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...
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