Chapter 20 Graded Exercises Swed Help Save Exit Submit Check my went 8 Use the following information to prepare the September cash budget for PTO Co. The following information relates to expected cash receipts and cash payments for the month ended September 30. 4 a. Beginning cash balance, September 1, $48.000, b. Budgeted cash receipts from sales in September $256,000, c. Raw materials are purchased on account Purchase amounts are August (actual) $76,000, and September (budgeted) $108,000. Payments for direct materials are made as follows: 70% in the month of purchase and 30% in the month following purchase d. Budgeted cash payments for direct labor in September, $39,000 e. Budgeted depreciation expense for September, $3.100. f. Other cash expenses budgeted for September $51,000 9. Accrued income taxes payable in September $10,600 h. Bank loan interest payable in September $1600, ITO MANUFACTURING COMPANY G Mc Graw M