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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 2015. April May June Credit sales $319.000 $299,000 $359.000 Credit purchases 127.000 150.000 175,000 Cash disbursements Wages, taxes, and expenses 43.900 11,400 62,900 Interest 10.900 10 900 10,900 Equipment purchases 79.000 148.000 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. In March 2015, credit sales were $189.000 and credit purchases were $129,000. Using this information complete the following cash budget (Do not round intermediate calculations. Leave no cells blank.be certain to enter "0" wherever required.) 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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