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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

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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 Required minimum cash balance Payment of income taxes (2nd quarter) Professional salaries: $30,300 25,250 4,040 1st quarter 2nd quarter 141,400 141,400 7,070 Interest from investments (2nd quarter) Overhead costs 1st quarter 2nd quarter 77,770 101,000 Selling and administrative costs, including $2,020 depreciation: 50,500 70,700 50,500 12,120 1st quarter 2nd quarter Purchase of equipment (2nd quarter) Sale of equipment (1st quarter) Collections from clients: 1st quarter 2nd quarter 237,350 383,800 202 Interest payments (2nd quarter) 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 ist Quarter 2nd Quarter

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