Current Attempt in Progress Waterway Company expects to have a cash balance of $57,600...
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Accounting
Current Attempt in Progress Waterway Company expects to have a cash balance of $ on January Relevant monthly budget data for the first months of are as follows. Collections from customers: January $ February $ Payments for direct materials: January $ February $ Direct labor: January $ February $ Wages are paid in the month they are incurred. Manufacturing overhead: January $ February $ These costs include depreciation of $ per month. All other overhead costs are paid as incurred. Selling and administrative expenses: January $ February $ These costs are exclusive of depreciation. They are paid as incurred. Sales of marketable securities in January are expected to realize $ in cash. Waterway Company has a line of credit at a local bank that enables it to borrow up to $ The company wants to maintain a minimum monthly cash balance of $ Prepare a cash budget for January and February. WATERWAY COMPANY Cash Budget 
Current Attempt in Progress
Waterway Company expects to have a cash balance of $ on January Relevant monthly budget data for the first
months of are as follows.
Collections from customers: January $ February $
Payments for direct materials: January $ February $
Direct labor: January $ February $ Wages are paid in the month they are incurred.
Manufacturing overhead: January $ February $ These costs include depreciation of $ per month. All other
overhead costs are paid as incurred.
Selling and administrative expenses: January $ February $ These costs are exclusive of depreciation. They are paid as
incurred.
Sales of marketable securities in January are expected to realize $ in cash. Waterway Company has a line of credit at a local
bank that enables it to borrow up to $ The company wants to maintain a minimum monthly cash balance of $
Prepare a cash budget for January and February.
WATERWAY COMPANY
Cash Budget
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