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Pletcher Dental Clinic is a medium-sized dental service specializing in family dental care. The clinic...

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Accounting

Pletcher Dental Clinic is a medium-sized dental service specializing in family dental care. The clinic is currently preparing the master budget for the first 2 quarters of 2017. All that remains in this process is the cash budget. The following information has been collected from other portions of the master budget and elsewhere. Beginning cash balance $31,290 Required minimum cash balance 26,075 Payment of income taxes (2nd quarter) 4,172 Professional salaries: 1st quarter 146,020 2nd quarter 146,020 Interest from investments (2nd quarter) 7,301 Overhead costs: 1st quarter 80,311 2nd quarter 104,300 Selling and administrative costs, including $2,086 depreciation: 1st quarter 52,150 2nd quarter 73,010 Purchase of equipment (2nd quarter) 52,150 Sale of equipment (1st quarter) 12,516 Collections from clients: 1st quarter 245,105 2nd quarter 396,340 Interest payments (2nd quarter) 209 Prepare a cash budget for each of the first two quarters of 2017. (Do not leave any answer field blank. Enter 0 for amounts.) PLETCHER DENTAL CLINIC Cash Budget 1st Quarter 2nd Quarter $ $ : : : : $ $

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