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Use the following information: Beginning cash balance on March 1, $82,000. Cash receipts from sales, $306,000....

Use the following information:

  1. Beginning cash balance on March 1, $82,000.
  2. Cash receipts from sales, $306,000.
  3. Budgeted cash payments for direct materials,$135,000.
  4. Budgeted cash payments for direct labor $72,000.
  5. Other budgeted cash expenses, $38,000.
  6. Cash repayment of bank loan, $13,000.

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.

Gado Company

Cash Budget

For month Ended March 31

________

________

Total Cash available

Cash for payments:

___________

___________

___________

___________

___________

Total Cash payments:

________

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