Midus ind has the following data for the month ended on March 31. Prepare cash budget for the month of March 2021 with expected balance at the end. Beginning cash balance on March 1= $82,000 Cash repayment of bank loan= $18,000 Other budgeted cash expenses= S39,000 Cash receipts from sales= $315,000 Budgeted cash disbursements for salaries=$83,000 Budgeted cash disbursements for purchases=$146,000

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Midus ind has the following data for the month ended on March 31. Prepare cash budget for the month
of March 2021 with expected balance at the end.
Beginning cash balance on March 1= $82,000
Cash repayment of bank loan= $18,000
Other budgeted cash expenses= $39,000
Cash receipts from sales= $315,000
Budgeted cash disbursements for salaries=$83,000
Budgeted cash disbursements for purchases=$146,000
Transcribed Image Text:Midus ind has the following data for the month ended on March 31. Prepare cash budget for the month of March 2021 with expected balance at the end. Beginning cash balance on March 1= $82,000 Cash repayment of bank loan= $18,000 Other budgeted cash expenses= $39,000 Cash receipts from sales= $315,000 Budgeted cash disbursements for salaries=$83,000 Budgeted cash disbursements for purchases=$146,000
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