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balance of $4,00000 May 1 and wathes to maintain a minmum cash balance of $4.500....

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Accounting

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balance of $4,00000 May 1 and wathes to maintain a minmum cash balance of $4.500. Given the folowng dala, prepare and interpret a cach budget tor the moniths of May, June, and July (1) The fum makes 15% of sales for cash, 605 are colected in the next nisorth. and the remairing 25% ace colectod in the second month following salp (2) The firm recemes other income of 51,500 per month. (4) Fiont is 52.600 por month: (15) Whoes and salanes are 10 th of the previous monti's sabes. (6) Casth dividenas of 52.900 will be paid in dune (7) Porront of principal and inserest of 54,200 is due in June. (6) A cash purchase of equement coshing 56,200 is scheduled in July. (i) Taxes of 56,500 are due in dune: Complute the trist monith of the cash budgot for Qrenotbe Enterpeses below. (Fhound to the nearest dolat. Please input all the vilues in the table beforn chockeng your aminers)

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