ABC Company has a cash balance of $41,000 on August 1 and requires a minimum ending cash balance of $33,160. Cash receipts from sales budgeted for August are $266,160. Cash disbursements budgeted for August include inventory purchases, $33,000; other manufacturing expenses, $100,000; operating expenses, $44,000; bond retirements, $66,000; and dividend payments, $31,000. Required: Prepare a cash budget for ABC Company for August. Beginning cash balance Cash Receipts: Total cash available Cash Disbursements: $ Total cash disbursements $ August Ending cash balance $ 0

Managerial Accounting
15th Edition
ISBN:9781337912020
Author:Carl Warren, Ph.d. Cma William B. Tayler
Publisher:Carl Warren, Ph.d. Cma William B. Tayler
Chapter8: Budgeting
Section: Chapter Questions
Problem 20E
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ABC Company has a cash balance of $41,000 on August 1 and requires a minimum ending cash balance of $33,160. Cash receipts
from sales budgeted for August are $266,160. Cash disbursements budgeted for August include inventory purchases, $33,000; other
manufacturing expenses, $100,000; operating expenses, $44,000; bond retirements, $66,000; and dividend payments, $31,000.
Required:
Prepare a cash budget for ABC Company for August.
Beginning cash balance
Cash Receipts:
Total cash available
Cash Disbursements:
August
$
0
Total cash disbursements
$
Ending cash balance
$
Transcribed Image Text:ABC Company has a cash balance of $41,000 on August 1 and requires a minimum ending cash balance of $33,160. Cash receipts from sales budgeted for August are $266,160. Cash disbursements budgeted for August include inventory purchases, $33,000; other manufacturing expenses, $100,000; operating expenses, $44,000; bond retirements, $66,000; and dividend payments, $31,000. Required: Prepare a cash budget for ABC Company for August. Beginning cash balance Cash Receipts: Total cash available Cash Disbursements: August $ 0 Total cash disbursements $ Ending cash balance $
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