Question

Use the following information: a. Beginning cash balance on March 1 $81,000. b. Cash receipts from sales, $301.000 c. Budgeted cash payments for direct materials $133,000 d. Budgeted cash payments for direct labor $73.000. e. Other budgeted cash expenses. $45,000, 1. Cash repayment of bank loan, $19.000 Prepare a cash budget for the month ended on March 31 for Gado Company. The budget should show expected cash receipts and cash disbursements for the month of March and the balance expected on March 31 Book GADO COMPANY Cash Budget For Month Ended March 31 Total cash available Cash payments for

Answer 1

GADO Company
Cash Budget
For Month Ended March 31
Particulars	Amount	Amount
Beginning Cash Balance	$81,000
Cash Receipts from sales	$3,01,000
Total Cash Available		$3,82,000
Cash Payments for:
Direct Materials	$1,33,000
Direct Labor	$73,000
Other Cash Expenses	$45,000
Repayment of Bank Loan	$19,000
Total Cash Payments		$2,70,000
Ending Cash Balance		$1,12,000