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Exercise 5-27 Sheridan, Inc. prepared the following cash budget for the fourth quarter. Fill in...

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Accounting

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Exercise 5-27 Sheridan, Inc. prepared the following cash budget for the fourth quarter. Fill in the missing amounts, assuming that Sheridan desires to maintain a $15,000 minimum monthly cash balance and all equipment was purchased during December. Any required borrowings and repayments must be made in even increments of $1,000. (Enter answers in necessary fields only. Leave other fields blank. Do not enter 0.) October November December Quarter Beginning cash balance $15,620 $16,110 Collections from sales 56,800 243,270 Total cash available 72,910 98,480 126,450 Less disbursements Materials purchases Direct labor Manufacturing overhead Selling & administrative expenses Equipment purchase Dividends 9,550 5,540 21,840 29,620 14,350 8,090 21,840 36,340 5,140 19,820 28,890 18,770 14,860 4,780 4,780 Total disbursements 66,290

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