Prepare a summary budget for march cash balance march 1st, Ask an Expert

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Prepare a summary budget for March. Cash Balance March 1st is 3000. Sales in March estimated to be 50000. Sales collected over two month period 65% in March & 35% in February with sales of 60000 in Feb. Inventory purchase in March 20000. Company pays half of inventory purchase in March other half in Feb with purchases of 18000 for Feb. Cash disbursement for March is 5000. Loan and interest payment for March is 25000. What is the cash balance at the end of March.

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M92041195

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