WileyPLUS + vileyplus.com/edugen/student/mainfr.uni mit... Ask Ed in (25) Linkedin . Home . DiscoverOrg Oracle e-business s.. Eloqua - Customer. Oracle Applications... Of openSSLorg Enturst Home Linkedin Learning:. Infosecurity Magazin.. Entrust Certificate Si WileyPLUS: MyWileyPLUS | Help | Con Kimmel, Financial Accounting, Be FINANCIAL ACCOUNTIN CALCULATOR STANDARD VIEW PRINTER VERSION Exercise 7-14 Rigley Company expects to have a cash balance of $46,000 on January 1, 2017. These are the relevant monthly budget data for the first two months of 2017. 1. Collections from customers: January $71,000, February $146,000. . Payments to suppliers: January $40,000, February $75,000. es: January $30,000, February $40,000. Wages are paid in the month they are incurred. 4. Administrative expenses: January $21,000, February $24,000. These costs include depreciation of $1,000 per month. All other costs are paid as incurred. 5. Selling expenses: January $15,000, February $20,000. These costs are exclusive of depreciation. They are paid as incurred. Sales of short-term investments in January are expected to realize $12,000 in cash. Rigley Company has a line of credit at a local bank that enables it to borrow up to $25,000. The company wants to maintain a minimum monthly cash balance of $20,000. Prepare a cash budget for January and February. RIGLEY COMPANY Cash Budget January February e 9 acer