Twilight Enterprises has provided the following estimates relating to the first quarter of 2021.

The cash balance at 1 January 2021 is $24800.

Required
Prepare a cash budget for the quarter ending 31 March 2021.

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 $ 88 960 167 624 130 840 100 040 27 176 11 688 29 816 5554 31 400 120 456 98 104