Relevant data from the Poster Company's operating budgets are: Quarter 1 Quarter 2 Sales $208,470 $211,539 Direct material purchases 115,290 120,832 Direct labor 75,200 73,299 Manufacturing overhead 25,400 25,400 Selling and administrative expenses 33,500 33,600 Depreciation included in selling and administrative 1,600 900 Collections from customers 215,392 240,156 Cash payments for purchases 114,300 119,254 Additional data: Capital assets were sold in January for $9,000 and $4,500 in May. Dividends of $4,600 were paid in February. The beginning cash balance was $60,358 and a required minimum cash balance is $58,000. Use this information to prepare a cash budget for the first two quarters of the year: If an amount box does not require an entry leave it blank. The Poster Company Cash Budget For the First Two Quarters Quarter 1 Quarter 2 Add: Cash Receipts Total Receipts $58,000. Use this information to prepare a cash budget for the first two quarters of the year: If an amount box does not require an entry, leave it blank. The Poster Company Cash Budget For the First Two Quarters Quarter 1 Quarter 2 Add: Cash Receipts Total Receipts Total Available Cash Less: Cash Payments Du bild 00) JOJI VIDIO II) Total Cash Payments Excess (Deficiency) of Available Cash Over Cash Disbursements Financing Ending cash balance Previous Next