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Windsor Company prepares monthly cash budgets. Relevant data from operating budgets for 2023 are as...

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Accounting

Windsor Company prepares monthly cash budgets. Relevant data from operating budgets for 2023 are as follows:
balance due in the month following the purchase.
Other data are as follows:
Credit sales: November 2022, $200,000; December 2022,$281,000
Purchases of direct materials: December 2022,$90,000
Other receipts: January-collection of December 31,2022, notes receivable $6,000; February-proceeds from sale of securities $7,000
Other disbursements: February-payment of $20,000 for land
The company expects its cash balance on January 1,2023, to be $51,000. It wants to maintain a minimum cash balance of $41,000.
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