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QS 20-24(Algo) Manufacturing: Cash budget LO P2 Using the following information: a. Beginning...

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Accounting

QS 20-24(Algo) Manufacturing: Cash budget LO P2
Using the following information:
a. Beginning cash balance on March 1, $73,000.
b. Cash receipts from sales, $300,000.
c. Cash payments for direct materials, $135,000.
d. Cash payments for direct labor, $77,000.
e. Cash payments for overhead, $44,000.
f. Cash payments for sales commissions, $8,000
g. Cash payments for interest, $190(1% of beginning loan balance of $19,000)
h. Cash repayment of loan, $19,000.
Prepare a cash budget for March for Gado Company.
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