Ainsworth Enterprises has provided the following estimates relating to the first quarter of 2018. The cash balance
Question:
Ainsworth Enterprises has provided the following estimates relating to the first quarter of 2018.
The cash balance at 1 January 2018 was $19,800.
Required
Prepare a cash budget for the quarter ending 31 March 2018.
Transcribed Image Text:
Cash sales Credit sales Receipts from accounts receivable Cash payments: Wages Office furniture Utilities expenses Administrative expenses Depreciation on office furniture Receipt of loan Credit purchases Payments to accounts payable $80 960 162 624 125 840 95 040 22 176 6688 24816 554 26 400 115 456 93 104
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Accounting Business Reporting For Decision Making
ISBN: 9780730363415
6th Edition
Authors: Jacqueline Birt, Keryn Chalmers, Suzanne Maloney, Albie Brooks, Judy Oliver
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