Question: Bramble Corp. prepares monthly cash budgets. Here are relevant data from operating budgets for 2017. January February Sales $ 361,300 $ 401,400 Purchases 120,400 132,000

Bramble Corp. prepares monthly cash budgets. Here are relevant data from operating budgets for 2017. January February Sales $ 361,300 $ 401,400 Purchases 120,400 132,000 Salaries 83,000 81,100 Administrative expenses 70,200 73,600 Selling expenses 80,000 87,400 All sales and purchases are on account. Budgeted collections and disbursement data are given below. All other expenses are paid in the month incurred except for administrative expenses, which include $ 1,000 of depreciation per month. Other data. 1. Collections from customers: January $ 333,800; February $ 378,000. 2. Payments for purchases: January $ 102,600; February $ 142,300. 3. Other receipts: January: collection of December 31, 2016, notes receivable $ 18,700; February: proceeds from sale of securities $ 5,700. 4. Other disbursements: February $ 12,500 cash dividend. The companys cash balance on January 1, 2017, is expected to be $ 48,700. The company wants to maintain a minimum cash balance of $ 63,330. Prepare a cash budget for January and February

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