E8-33. Cash balance The following budgeted May cash information is available for Salado Corp.: $336,000 56,200 82,000 8,000 7,000 4,100 35,000 47,000 Net after-tax income. Depreciation expense. Accrued income tax expense Increase in Accounts Receivable for month. Decrease in Accounts Payable for month Estimated bad debts expense Dividends declared in May.. Dividends paid in May If Salado's May 1 cash balance is $23,000, what is the company's budgeted May 31 cash balance?

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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E8-33.
Cash balance The following budgeted May cash information is available for Salado Corp.:
$336,000
56,200
82,000
Net after-tax income
Depreciation expense..
Accrued income tax expense.
Increase in Accounts Receivable for month.
Decrease in Accounts Payable for month
Estimated bad debts expense
Dividends declared in May..
Dividends paid in May
8,000
7,000
4,100
35,000
47,000
If Salado's May 1 cash balance is $23,000, what is the company's budgeted May 31 cash balance?
Transcribed Image Text:E8-33. Cash balance The following budgeted May cash information is available for Salado Corp.: $336,000 56,200 82,000 Net after-tax income Depreciation expense.. Accrued income tax expense. Increase in Accounts Receivable for month. Decrease in Accounts Payable for month Estimated bad debts expense Dividends declared in May.. Dividends paid in May 8,000 7,000 4,100 35,000 47,000 If Salado's May 1 cash balance is $23,000, what is the company's budgeted May 31 cash balance?
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