View Policies Show Attempt History Current Attempt in Progress Your answer is partially correct. Wildhorse Corporation prepares monthly cash budgets. Here are relevant data from operating budgets for 2025. All sales and purchases are on account. Budgeted collections and disbursement data are given below. All other expenses are paid in the month incurred. Administrative expenses include $1,100 of depreciation per month. Other data. 1. Collections from customers: January $331,700; February $378,500. 2. Payments for purchases: January $109,800; February $142,900. 3. Other receipts: January: collection of December 31,2024 , notes receivable $18,800; February: proceeds from sale of securities $6,000. 4. Other disbursements: February $12,600 cash dividend. The company's cash balance on January 1,2025 , is expected to be $47,700. The company wants to maintain a minimum cash balance of $52,740. Prepare a cash budget for January and February. (List items that increase cash balance first.) Question 3 of 3 Collections from customers Sale of securities Notes receivable Total receipts Total available cash WILDHORSE CORPORATION Cash Budget For the Two Months Ending February 28, 2025 Purchases Salaries \begin{tabular}{|l|l|} \hline 109800 & i \\ \hline & \\ \hline 83200 & i \\ \hline \end{tabular} \begin{tabular}{|l|l|} \hline 142900 & i \\ \hline & \\ \hline 81300 & i \\ \hline \end{tabular} Administrative expenses \begin{tabular}{|l|l|} \hline 69500 & i \\ \hline \end{tabular} \begin{tabular}{|l|l|} \hline & i1900 \\ \hline \end{tabular} Selling expenses \begin{tabular}{|l|l|} \hline 79900 & i \\ \hline \end{tabular} \begin{tabular}{|l|l|} \hline 86700 & i \\ \hline \end{tabular} Dividends Total disbursements Question 3 of 3 Less i: Cash disbursements Purchases Salaries \begin{tabular}{|l|l|} \hline 109800 & i \\ \hline 83200 & i \\ \hline 69500 & i \\ \hline \end{tabular} Excess (deficiency) of available cash over disbursements Financing eTextbook and Media eTextbook Save for Later