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Connect Saved Help Save & E Che Walter Company has the following information for the...

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Accounting

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Connect Saved Help Save & E Che 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 $ 19,320 46,500 24,300 8,100 9,250 6,200 Walter pays wages and other cash expenses in the month incurred. Manufacturing overhead includes $2,200 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 $9,000 during March. Walter can borrow in increments of $1,000 and would like to maintain a minimum cash balance of $20,000 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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