Use the following information to determine the ending cash balance to be reported on the month ended June 30 cash budget. a. Beginning cash balance on June 1, $95,000. b. Cash receipts from sales, $418,000. c. Budgeted cash payments for purchases, $273,000. d. Budgeted cash payments for salaries, $96,000. e. Other budgeted cash expenses, $58,000. f. Cash repayment of bank loan, $33,000. g. Budgeted depreciation expense, $35,000.

Use the following information to determine the ending cash balance to be reported on the month ended June 30 cash budget. a. Beginning cash balance on June 1, $95,000. b. Cash receipts from sales, $418,000. c. Budgeted cash payments for purchases, $273,000. d. Budgeted cash payments for salaries, $96,000. e. Other budgeted cash expenses, $58,000. f. Cash repayment of bank loan, $33,000. g. Budgeted depreciation expense, $35,000.

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 6BE: Cash budget Pasadena Candle Inc. pays 40% of its purchases on account in the month of the purchase...

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