Use the following information to prepare a cash budget for the month ended on March 31 for

Question:

Use the following information to prepare a for the month ended on March 31 for Gado Merchandising Company. The budget should show expected cash receipts and cash disbursements for the month of March and the balance expected on March 31.
a. Beginning cash balance on March 1, $ 72,000.
b. Cash receipts from sales, $ 300,000.
c. Budgeted cash disbursements for purchases, $ 140,000.
d. Budgeted cash disbursements for salaries, $ 80,000.
e. Other budgeted cash expenses, $ 45,000.
f. Cash repayment of bank loan, $ 20,000.

Cash Budget
A cash budget is an estimation of the cash flows for a business over a specific period of time. These cash inflows and outflows include revenues collected, expenses paid, and loans receipts and payment. Its primary purpose is to provide the...