Use the following information to prepare the September cash budget for PTO Company. Ignore the Loan...

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Use the following information to prepare the September cash budget for PTO Company. Ignore the "Loan activity" section of the budget. a. Beginning cash balance, September 1, $45,000. D. Budgeted cash receipts from September sales, $258,000. c. Direct materials are purchased on credit. Purchase amounts are August (actual), $74,000; and September (budgeted), $103,000. Payments for direct materials follow: 65% in the month of purchase and 35% in the first month after purchase. 1. Budgeted cash payments for direct labor in September, $34,000. e. Budgeted depreciation expense for September, $3,400. f. Budgeted cash payment for dividends in September, $52,000. J. Budgeted cash payment for income taxes in September, $10,600. . Budgeted cash payment for loan interest in September, $1,900. PTO COMPANY Cash Budget September Beginning cash balance Total cash available Total cash payments Ending cash balance Use the following information to prepare the September cash budget for PTO Company. Ignore the "Loan activity" section of the budget. a. Beginning cash balance, September 1, $45,000. D. Budgeted cash receipts from September sales, $258,000. c. Direct materials are purchased on credit. Purchase amounts are August (actual), $74,000; and September (budgeted), $103,000. Payments for direct materials follow: 65% in the month of purchase and 35% in the first month after purchase. 1. Budgeted cash payments for direct labor in September, $34,000. e. Budgeted depreciation expense for September, $3,400. f. Budgeted cash payment for dividends in September, $52,000. J. Budgeted cash payment for income taxes in September, $10,600. . Budgeted cash payment for loan interest in September, $1,900. PTO COMPANY Cash Budget September Beginning cash balance Total cash available Total cash payments Ending cash balance

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PTO MANUFACTURING COMPANY Cash Budget for Month Ended september 30 Beginning cash balance 14450... View the full answer