Walter Company has the following information for the month of March: Cash balance, March 1 Collections from customers Paid to suppliers Manufacturing overhead Direct labor Selling and administrative expenses $ 17,220 39,450 22,900 6,700 8,550 4,800 Walter pays wages and other cash expenses in the month incurred. Manufacturing overhead includes $1,500 for machinery depreciation, but the amount for selling and administrative expenses is exclusive of depreciation. Additionally, Walter also expects to buy a piece of property for $7,600 during March. Walter can borrow in increments of $1,000 and would like to maintain a minimum cash balance of $11,000. Required: Prepare Walter's cash budget for the month of March. Beginning Cash Balance Budgeted Cash Receipts Budgeted Cash Payments Preliminary Cash Balance Cash Borrowed Ending cash balance

Principles of Accounting Volume 2
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Chapter4: Job Order Costing
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Walter Company has the following information for the month of March:
Cash balance, March 1
Collections from customers
Paid to suppliers
Manufacturing overhead
Direct labor
Selling and administrative expenses
$ 17,220
39,450
22,900
6,700
8,550
4,800
Walter pays wages and other cash expenses in the month incurred. Manufacturing overhead includes $1,500 for machinery
depreciation, but the amount for selling and administrative expenses is exclusive of depreciation. Additionally, Walter also expects to
buy a piece of property for $7,600 during March. Walter can borrow in increments of $1,000 and would like to maintain a minimum
cash balance of $11,000.
Required:
Prepare Walter's cash budget for the month of March.
Beginning Cash Balance
Budgeted Cash Receipts
Budgeted Cash Payments
Preliminary Cash Balance
Cash Borrowed
Ending cash balance
Transcribed Image Text:Walter Company has the following information for the month of March: Cash balance, March 1 Collections from customers Paid to suppliers Manufacturing overhead Direct labor Selling and administrative expenses $ 17,220 39,450 22,900 6,700 8,550 4,800 Walter pays wages and other cash expenses in the month incurred. Manufacturing overhead includes $1,500 for machinery depreciation, but the amount for selling and administrative expenses is exclusive of depreciation. Additionally, Walter also expects to buy a piece of property for $7,600 during March. Walter can borrow in increments of $1,000 and would like to maintain a minimum cash balance of $11,000. Required: Prepare Walter's cash budget for the month of March. Beginning Cash Balance Budgeted Cash Receipts Budgeted Cash Payments Preliminary Cash Balance Cash Borrowed Ending cash balance
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