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Question 1 Nor yet answered Marked out of 1000 P Pagestion Cash Budget Wilson's Retail Company is planning a cash budget for the next three months. Estimated sales revenue is as follows Month Sales Revenue Month Sales Revenue January $300 000 March 200.000 February 210.000 April 190.000 All sales are on credit 60 percent is collected during the month of sale, and 40 percent is collected during the next month. Cost of goods sold is 70 percent of sales. Payments for merchandise sold are made in the month following the month of Operating expenses total $41,000 per month and are paid during the month incurred. The cash balance on February 1 is estimated to be $20,000 Prepare monthly cash budgets for February March, and April Use negative signs only with beginning and ending cash balances, when appropriate. Do not use negative signs with disbursement answe Wilson's Retail Company Cash Budgets February March, and April February March April Cath balance beginning S Total Cash receipts Cash available Total disbursements Cash balance ending Next 1 Save Answers