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3 years ago

Bastille Corporation prepares monthly cash budgets.

Business

1 answer:

3241004551 [841]3 years ago

5 0

Answer and Explanation:

The Preparation of the cash budget for January and February is prepared below:-

Bastille Corporation

Cash budget

for the month of January and February

Particulars January February

Beginning cash balance $46,000 $43,000

Add: Receipts

Customer collection $326,000 $378,000

Notes receivable collection $15,000 $0

Sale of marketable securities 0 $4,000

Total receipts $341,000 $382,000

Total cash available $387,000 $425,000

Less:

Cash payments during the

year

Purchases $110,000 $135,000

Salaries $84,000 $81,000

Administrative expenses $71,000 $74,000

Selling expenses $79,000 $88,000

Dividends 0 $10,000

Disbursement total $344,000 $388,000

Excess of cash

available $43,000 $37,000

Financing

Borrowings 0 $3,000

Repayments 0

Ending cash balance $43,000 $40,000

Note: February beginning balance is the balance of ending cash balance.

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