$$64,000EX9-26(Algo)$ Cash Budgeting $(LO9-3,9-5)$

The following information $is$ from Tejas WindowTint's financial records.

Collections from customers are normally $68$ percent $in$ the month $of$ sale, $19$ percent $in$ the month following the sale, and $11$ percent $in$

the second month following the sale. The balance $is$ expected $tobe$ uncollectible. All purchases are $on$ account. Management takes

full advantage $of$ the $5$ percent discount allowed $on$ purchases paid for $by$ the tenth $of$ the following month. Purchases for August are

budgeted $at$ $$68,000,$ and sales for August are forecasted $at$ $$74,000.$ Cash disbursements for expenses are expected $tobe$ $$14,600$

for the month $of$ August. The company's cash balance $on$ August $1$ was $$32,000.$

Required:

Prepare the expected cash collections during August.

Prepare the expected cash disbursements during August.

Calculate the expected cash balance $on$ August $31.$

Complete this question $by$ entering your answers $in$ the $tabs$ below.

Prepare the expected cash disbursements during August. $EX9-26(Algo)$ Cash Budgeting $(LO9-3,9-5)$

The following information $is$ from Tejas WindowTint's financial records.

Collections from customers are normally $68$ percent $in$ the month $of$ sale, $19$ percent $in$ the month following the sale, and $11$ percent $ir$

the second month following the sale. The balance $is$ expected $tobe$ uncollectible. All purchases are $on$ account. Management takes

full advantage $of$ the $5$ percent discount allowed $on$ purchases paid for $by$ the tenth $of$ the following month. Purchases for August are

budgeted $at$ $$68,000,$ and sales for August are forecasted $at$ $$74,000.$ Cash disbursements for expenses are expected $tobe$ $$14,60$

for the month $of$ August. The company's cash balance $on$ August $1$ was $$32,000.$

Required:

Prepare the expected cash collections during August.

Prepare the expected cash disbursements during August.

Calculate the expected cash balance $on$ August $31.$

Complete this question $by$ entering your answers $in$ the $tabs$ below.

Required $2$

Required $3$

Calculate the expected cash balance $on$ August $31.$

TEJAS WINDOW TINT

Expected Cash Balance

August $31$

Balance, August $1$

Expected balance