Please help me to solve this problem 3.Opening Cash BalanceAdd:SalesLess:ParticularsPurchasesDividends paidLand PurchasedCash BalanceMinimum Cash Balanceto be MaintainedBorrowingNew Cash Balance4DeficitSurplusSApril$4,100CASH BUDGETApril$MayS.$96,300$60,000$405.200$391,300$38,000$35.900$40,000$4,100$40,000SJune.$380,700$40,000May$690,400$548,100S$46,000$136,300$40,000$$136,300Total$380,700$136,300 $60,000June$771,600 $1,867,200$$487,200 $1,426,600$$420,700$Total$40,000.$420,700$38,000$46,000$416,600$4,100$420,700

Cash Budget is that budget which gives an estimation of the anticipated receipts and payments of…

Opening Cash Balance Add: Sales Particulars Less: Purchases Dividends paid Land Purchased Cash Balance Minimum Cash Balance to be Maintained Borrowing New Cash Balance April S $60,000 $405,200 $391.300 $38,000 . $35,900 $40,000 $4,100 $40,000 $40,000 May $690,400 $548,100 S $46,000 $136,300 $40,000 $ . $136,300 $136,300 $60,000 June $771,600 $1,867,200 $ $487,200 $1,426,600 $ $ . Total . $420,700 $40,000 $38,000 $46,000 $416,600 $4,100 $420,700 $420,700

Opening Cash Balance Add: Sales Particulars Less: Purchases Dividends paid Land Purchased Cash Balance Minimum Cash Balance to be Maintained Borrowing New Cash Balance April S $60,000 $405,200 $391.300 $38,000 . $35,900 $40,000 $4,100 $40,000 $40,000 May $690,400 $548,100 S $46,000 $136,300 $40,000 $ . $136,300 $136,300 $60,000 June $771,600 $1,867,200 $ $487,200 $1,426,600 $ $ . Total . $420,700 $40,000 $38,000 $46,000 $416,600 $4,100 $420,700 $420,700

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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