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Question 12 of 14 - / 10.3 View Policies Current Attempt in Progress The...

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Accounting

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Question 12 of 14 - / 10.3 View Policies Current Attempt in Progress The following estimated information is available for Tamarisk Motors for the month of October Cash receipts from customers $76,896 Payments for inventory 23,220 Payments for salaries 11,232 Receipt of interest on investments 864 Cash payments of income taxes 8,424 Cash payments of administrative expenses 11,880 Dividends to be paid 15.120 Capital expenditures 8,640 Depreciation expense 4,536 The cash balance at September 30 is $4,644, Management wishes to maintain a minimum cash balance of $4,320, Instructions Prepare a basic cash budget for the month of October TamariskMotors Cash Budget for the Month of October Beginning cash balance Add Cash receipts Question 12 of 14 > - / 10.3 Add Cash recolpts Castrom customers 1

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