daniel merrrill is the manager of airport gift shop , merrrill news and gifts. from...
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Accounting
daniel merrrill is the manager of airport gift shop , merrrill news and gifts. from the foloowing data mr merrill wants a cash budget showing expected cash recipts and disbursments for the month of april. and the cash balance expected as of april 30,20*7. planned cash balance march 31 20*7;100000 .customer recivables as of march 31 530000 totalo, 80000 from feburary sales, 450000 from march sales. account payable march 31 460000 merchandise purchased for april 450000,40%paid in month of purchase.60% paid in next month . payrol due in april 90000. other expense for april, payable in april 45(**) accrued tax for april, payable in june 7500 nank note due april it)90**plus 7200 intreast deprication for april 2k* two year insurance policu april 14 for renewals 1500, to be paid in cash sales for april 1000000, half collected in month of sale, 40% in next month,and 10% in third month.prepare the cash budget for the month ending april 30,20*7
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