Cash Budget - April, May, June
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Credit Sales April May June
160,000 140,000 192,000
Credit Purchases 68,000 64,000 80,000
Cash Disbursements 8,000 7,000 8,400
Interest 3,000 3,000 3,000
Equipment 50,000 4,000
The company predicts that 10% of sales will never be collected, 50% will be collected month of sale, and the remaining 40% will be collected the following month. Purchases on trade accounts will be paid in the month following the purchase. In march the sales were 180,000$
With this information, complete the following table.
_________________________________________________________________________
Beginning cash balance April May June
200,000 ___________ __________
Cash Receipts:
From Credit Sales _________ ____________ ___________
Total Cash Available- __________ ____________ ____________
Cash Disbursments -
Pay Credit purchases 65,000 _____________ __________
Wages Taxes Expenses ________ ___________ __________
Interest _________ ____________ ___________
Equipment purchases _________ _____________ __________
Total Cash Disbursed __________ ___________ ____________
Ending Cash Balance. __________ ___________ ____________
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Cash Budget
Credit Sales April May June
160,000 140,000 192,000
Credit Purchases 68,000 64,000 80,000
Cash Disbursements 8,000 7,000 8,400
...
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