Budg Eted Furniture Company 2023 Financial Statements in U.S. Dollars Cash received Sales Capital introduced Total cash receipts Cash paid Direct Material: wood Direct material: other Direct labour Machinery & Tools Insurance Payment rates Rent Utilities (Electricity) Personal Expenses Total cash payments Cash receipts Cash payments Cash at the start of the month Cash at the end of the month Budgeted Cash Flow Statement Jan-23 12525 10000 22525 3600 3600 14550 15000 1500 3000 2000 43250 (20725) 0 (20725) Feb-23 46475 46475 7425 4970 20000 1200 2000 35595 10880 (20725) (9845) Mar-23 TOTAL 63275 63275 11799 6000 26150 1500 2000 47449 15826 (9845) 5981 122275 [1] 10000 [2] 132275 Description 22824 [3] 14570 [4] 60700 [5] 15000 [6] 1500 [7] 1200 [8] 3000 [9] 1500 [10] 6000 [11] 126294 5981 [12] [13] [14]
The final step in the budgeting process is to draw up the budgeted
A snapshot of an entity financial situation.
We have looked at all the numbers that will go into Bud's statement of financial position when we prepared the
Non-current asset
Machinery and tools
Insurance prepayment
Rates prepayment
Cash at bank
Total current assets
Total assets
From the above information, can you produce the budgeted statement of financial position?
Current liabilities
Trade payables for wood
Budgeting.
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