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ABC Company has a cash balance of $37,000 on August 1 and requires a minimum ending cash balance of $24,160. Cash receipts from sales budgeted for August are $200,160. Cash disbursements budgeted for August include inventory purchases, $29,000; other manufacturing expenses, $55,000; operating expenses, $40,000; bond retirements, $62,000; and dividend payments, $27,000.

Required:

Prepare a cash budget for ABC Company for August.

August Beginning cash balance Cash Receipts: Total cash available Cash Disbursements: Total cash disbursements Ending cash ba

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Cash budget for ABC Company for August August 37,000 $ $ $ 200,160 237,160 Beginning Cash Balance Cash receipts: Add collecti

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