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help asap! thanks Current Attempt in Progress Waterway...

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Accounting

help asap! thanks
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Current Attempt in Progress Waterway Company expects to have a cash balance of $57,600 on January 1.2022 . Relevant monthly budgut data for the first 2 months of 2022 are as follows. Collections from customers: January $108000, February $192.000 Parments for difect materials: Ismesry $64000 February $96000 Direct labon January $38400, February $57,600. Wages are paid in the month they are incurred Manufacturing overhead: January $26,880, Fetruary $32,000. These costs include depreciation of $1.920 ptr month. All other overhead costs are paid as incurred. Selling and administrative expenses: January $19,200, February $25,600, These costs are exclusive of depreciation. They are paid an incurred. Sales of marketable securities in January are expected to realize $15,360 in cash. Waterway Company has a line of credit at a local bank that enabies it to borrow up to $32,000, The compary wants to maintain a minimum monthly cash balance of $25,600. Prepare a cash budget for January and February

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