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'Here are some important figures from the budget of Nashville Nougats, Inc., for the second...

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Accounting

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'Here are some important figures from the budget of Nashville Nougats, Inc., for the second quarter of 2018: April May June $321,000 $301,000 $361,000 129,000 152,000 177,000 points Credit sales Credit purchases Cash disbursements Wages, taxes, and expenses Interest Equipment purchases 44,100 11.100 81,000 11,600 1.100 152,000 63,100 1.100 0 eBook Hint The company predicts that 5 percent of its credit sales will never be collected. 35 percent of its sales will be collected in the month of the sale, and the remaining 60 percent will be collected in the following month. Credit purchases will be paid in the month following the purchase. Print In March 2018, credit sales were $191,000 and credit purchases were $131,000. Using this information, complete the following cash budget: (Do not round intermediate calculations. Leave no cells blank - be certain to enter "0" wherever required.) References May June April 124,000 $ Beginning cash balance Cash receipts Cash collections from credit sales Total cash available Cash disbursements Purchases Wages, taxes, and expenses Interest Equipment purchases Total cash disbursements Ending cash balance

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