As you can see some are correct - the blocks in red are not correct. The beginning cash balance in January I'm not sure if that is correct or not. The accounts we can use are shown by the drop down menu above. Thanks in advance!

Exercise 9-14 Your answer is partially correct. Try again. Danner Company expects to have a cash balance of $62,955 on January 1, 2017. Relevant monthly budget data for the first 2 months of 2017 are as follows. Collections from customers: January $118,915, February $209,850. Payments for direct materials: January $69,950, February $104,925. Direct labor: January $41,970, February $62,955. Wages are paid in the month they are incurred. Manufacturing overhead: January $29,379, February $34,975. These costs include depreciation of $2,098 per month. All other overhead costs are paid as incurred. Selling and administrative expenses: January $20,985, February $27,980. These costs are exclusive of depreciation. They are paid as incurred Sales of marketable securities in January are expected to realize S16,788 in cash. Danner Company has a line of credit at a local bank that enables it to borrow up to $34,975. The company wants to maintain a minimum monthly cash balance of $27,980. Prepare a cash budget for January and February. (Do not leave any answer field blank. Enter "" for the amounts.)