Read, Study & Practice Gradebook ORION ASSIGNMENT The controller of Trensha w Company wants to...
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Accounting
Read, Study & Practice Gradebook ORION ASSIGNMENT The controller of Trensha w Company wants to improve the c Company wants to improve the company's control system by preparing a month-by-month cash budget. The following information is for the month e g information is for the month ending uly 31, 2017 June 30, 2017, cash balance Dividends to be dedared on July 15 $40,000 12,000 Cash expenditures to be paid in July for operating expenses 36,500 4,000 82,000 55,000 Amortization expense in July Cash collections to be received in July Merchandise purchases to be paid in cash in July Equipment to be purchased for cash in July Dividends are payable 30 days after declaration to shareholders of record on the declaration date. Trenshaw Company wants to keep a minimum cash balance of $25,000
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