Question

Use the following information a. Beginning cash balance on March 1, $72,000.b. Cash receipts from sales, $300,000.c. Budgeted cash disbursements for purchases, $140,000.d. Budgeted cash disbursements for salaries, $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 Merchandising Company. The budget should show expected cash receipts and cash disbursements for the month of March and the balance expected on March 31.

Answer 1

Ending cash 87,000

Step-by-step explanation:

beginning 72,000

receipts 300,000

disbursement (140,000)

salaries (80,000)

other expenses (45,000)

loan payment (20,000)

Total disbursement (285,000)

Ending cash 87,000 (72,000 + 300,000 - 285,000)