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Requirement

Prepare a cash payments budget for April, May, and June and for the quarter. $($If a box is not used in the table leave the box empty; do not enter a zero.$)$

The Fielding Company

Cash Payments Budget

For the Months of April through June

$8$: More Info

b$.$ Direct labor is paid in the month in which it is incurred. Direct labor for each month of the second quarter is budgeted as follows:

incurred.

d$.$ Monthly operating expenses for March through June are projected to be as follows:

e$.$ The company plans to pay $$3,000($cash$)$ for a new server in May.

f$.$ The company must make an estimated tax payment of $$11,000$ on June $15.$