Current Attempt in Progress

Pletcher Dental Clinic is a medium-sized dental service specializing in family dental care. The clinic is currently preparing the master budget for the first 2 quarters of 2020. All that remains in this process is the cash budget. The following information has been collected from other portions of the master budget and elsewhere.

Beginning cash balance		$36,300
Required minimum cash balance		30,250
Payment of income taxes (2nd quarter)		4,840
Professional salaries:
1st quarter		169,400
2nd quarter		169,400
Interest from investments (2nd quarter)		8,470
Overhead costs:
1st quarter		93,170
2nd quarter		121,000
Selling and administrative costs, including
$2,420 depreciation:
1st quarter		60,500
2nd quarter		84,700
Purchase of equipment (2nd quarter)		60,500
Sale of equipment (1st quarter)		14,520
Collections from clients:
1st quarter		284,350
2nd quarter		459,800
Interest payments (2nd quarter)		242

Prepare a cash budget for each of the first two quarters of 2020.

1st Quarter 2nd Quarter $ $ $ $