Business, 12.08.2020 06:01 milkshakegrande101
Use the following information to determine the ending cash balance to be reported on the month ended June 30 cash budget.
a. Beginning cash balance on June 1, $95,900.
b. Cash receipts from sales, $422,500.
c. Budgeted cash disbursements for purchases, $277,500.
d. Budgeted cash disbursements for salaries, $96,900.
e. Other budgeted cash expenses, $58,900.
f. Cash repayment of bank loan, $33,900.
g. Budgeted depreciation expense, $35,900.
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