Question
just need help with #8 (the first three pics)
Cash budget. (Negative balances and Loan repayment amounts (if any) should be indicated with minus sign.) Calculation of Cash
ZIGBY MANUFACTURING Cash Budget April, May, and June 2019 April May June Beginning cash balance Cash receipts from customers
Purchases of equipment 130,000 Taxes paid Total cash payments 440,821 569,700 433,579 Preliminary cash balance 124,296 23.248
he management of Zigby Manufacturing prepared the following estimated balance sheet for March 2019 ZIGBY MANUFACTURING Estima
Check To prepare a master budget for April, May, and June of 2019, management gathers the following information. a. Sales for
i. All raw materials purchases are on credit, and no payables arise from any other transactions. One months raw materials pu
0 0
Add a comment Improve this question Transcribed image text
✔ Recommended Answer
Answer #1

Answer-8:

ZIGBY MANUFACTURING Cash Budget April, May and June, 2019 April May June 40,000 $ 83,347 $ $ Beginning Cash Balance 124,296 C

Loan Balance April May June Beginning loan balance Additional loan (loan repayment) Ending loan balance $ 12,000 (12,000) $ $

Add a comment
Know the answer?
Add Answer to:
just need help with #8 (the first three pics) Cash budget. (Negative balances and Loan repayment amounts (if an...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Similar Homework Help Questions
  • Problem 20-4A Manufacturing: Preparation of a complete master budget LO P1, P2, P3 The management of...

    Problem 20-4A Manufacturing: Preparation of a complete master budget LO P1, P2, P3 The management of Zigby Manufacturing prepared the following estimated balance sheet for March 2017: ZIGBY MANUFACTURING Estimated Balance Sheet March 31, 2017 Assets Cash Accounts receivable Raw materials inventory Finished goods inventory Total current assets Equipment, gross Accumulated depreciation Equipment, net Total assets Liabilities and Equity Accounts payable Short-term notes payable Total current liabilities Long-term note payable Total liabilities Common stock Retained earnings Total stockholders' equity Total...

  • just need help with: the cash budget(8) budgeted income statement for the entire second quarter (9) and (10) budgeted b...

    just need help with: the cash budget(8) budgeted income statement for the entire second quarter (9) and (10) budgeted balanve sheet Problem 07-4A Manufacturing: Preparation of a complete master budget LO P1, P2, P3 The management of Zigby Manufacturing prepared the following estimated balance sheet for March 2019 ZIGBY MANUFACTURING Estimated Balance Sheet March 31, 2019 Assets Cash Accounts receivable Raw materials inventory Finished goods inventory Total current assets Equipment Accumulated depreciation Equipment, net Total assets Liabilities and Equity Accounts...

  • please organize exactly as seen, thank you The management of Zigby Manufacturing prepared the following estimated...

    please organize exactly as seen, thank you The management of Zigby Manufacturing prepared the following estimated balance sheet for March, 2015: ZIGBY MANUFACTURING Estimated Balance Sheet March 31, 2015 Assets Cash $ 50.000 Accounts receivable 434,240 Raw materials Inventory 84,210 Finished goods inventory 368,000 Total current assets 936,450 Equipment, gross 602.000 Accumulated depreciation (151,000) Equipment, net 451,000 Total assets $ 1387.450 Liabilities and Equity Accounts payable Short-term notes payable 196,610 12,000 Total current liabilities S 208.610 505,000 Long-term note payable...

  • please organize exactly as seen, thank you The management of Zigby Manufacturing prepared the following estimated...

    please organize exactly as seen, thank you The management of Zigby Manufacturing prepared the following estimated balance sheet for March, 2015: ZIGBY MANUFACTURING Estimated Balance Sheet March 31, 2015 Assets Cash $ 50.000 Accounts receivable 434,240 Raw materials Inventory 84,210 Finished goods inventory 368,000 Total current assets 936,450 Equipment, gross 602.000 Accumulated depreciation (151,000) Equipment, net 451,000 Total assets $ 1387.450 Liabilities and Equity Accounts payable Short-term notes payable 196,610 12,000 Total current liabilities S 208.610 505,000 Long-term note payable...

  • There are a lot of different charts, please keep it organized so i understand what is...

    There are a lot of different charts, please keep it organized so i understand what is going on. The management of Zigby Manufacturing prepared the following estimated balance sheet for March, 2015: ZIGBY MANUFACTURING Estimated Balance Sheet March 31, 2015 Assets Cash Accounts receivable Raw materials inventory Finished goods inventory $ 50,000 434,240 84,210 368,000 Total current assets Equipment, gross Accumulated depreciation 936,450 602,000 (151,000) Equipment, net 451,000 Total assets $ 1,387,450 Liabilities and Equity Accounts payable Short-term notes payable...

  • Problem 22-4A Manufacturing: Preparation of a complete master budget LO P1, P2, P3 The management of...

    Problem 22-4A Manufacturing: Preparation of a complete master budget LO P1, P2, P3 The management of Zigby Manufacturing prepared the following estimated balance sheet for March 2017: ZIGBY MANUFACTURING Estimated Balance Sheet March 31, 2017 Assets $ Cash 46,000 Accounts receivable 386,925 96,290 327,831 Raw materials inventory Finished goods inventory Total current assets 857,046 Equipment, gross Accumulated depreciation Equipment, net 612,000 (156,000) 456,000 $1,313,046 Total assets Liabilities and Equity 196,190 18,000 214,190 Accounts payable Short-term notes payable $ Total current...

  • please help with required 8! The management of Zigby Manufacturing prepared the following estimated balance sheet...

    please help with required 8! The management of Zigby Manufacturing prepared the following estimated balance sheet for March 2019. ZIGBY MANUFACTURING Estimated Balance Sheet March 31, 2019 Assets Cash Accounts receivable Raw materials inventory Finished goods inventory Total current assets Equipment Accumulated depreciation Equipment, net Total assets Liabilities and Equity Accounts payable Short-term notes payable Total current liabilities Long-term note payable Total liabilities Common stock Retained earnings Total stockholders' equity Total liabilities and equity $ 48,000 438,750 87,900 383, 760...

  • The management of Zigby Manufacturing prepared the following estimated balance sheet for March 2017 ZIGBY MANUFACTURING...

    The management of Zigby Manufacturing prepared the following estimated balance sheet for March 2017 ZIGBY MANUFACTURING Estimated Balance Sheet March 31, 2017 Assets Cash Accounts receivable Raw materials inventory Finished goods inventory Total current assets Equipment, gross Accumulated depreciation Equipment, net Total assets 43,000 432,900 86,198 387,168 949,266 606,000 (153, 000) 453,000 $1,402,266 Liabilities and Equity Accounts payable Short-term notes payable Total current liabilities Long-term note payable Total liabilities Common stock Retained earnings Total stockholders equity 194,798 15,000 209,798 500,000...

  • The management of Zigby Manufacturing prepared the following estimated balance sheet for March 2017: ZIGBY MANUFACTURING...

    The management of Zigby Manufacturing prepared the following estimated balance sheet for March 2017: ZIGBY MANUFACTURING Estimated Balance Sheet March 31, 2017 Assets Cash 58,000 484,640 91,290 Accounts receivable Raw materials inventory Finished goods inventory 393,304 Total current assets 1,027,234 Equipment, gross Accumulated depreciation Equipment, net 636,000 168,000) 468,000 $1,495,234 Total assets Liabilities and Equity Accounts payable Short-term notes payable 206,390 30,000 Total current liabilities 236,390 Long-term note payable Total liabilities 525,000 761,390 Common stock 353,000 Retained earnings 380,844 Total...

  • Problem 7-4A Manufacturing: Preparation of a complete master budget LO P1, P2, P3 The management of Zigby Manufacturing...

    Problem 7-4A Manufacturing: Preparation of a complete master budget LO P1, P2, P3 The management of Zigby Manufacturing prepared the following estimated balance sheet for March 2017: ZIGBY MANUFACTURING Estimated Balance Sheet March 31, 2017 Assets $ 99,000 500,250 101,000 402,500 1,102,750 618,000 159,000 Cash Accounts receivable Raw materials inventory Finished goods inventory Total current assets Equipment, gross Accumulated depreciation Equipment, net 459,000 $1,561,750 Total assets Liabilities and Equity Accounts payable Short-term notes payable Total current liabilities $ 209,700 21,000...

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT