Problem 9-34 Name:
Enter the appropriate numbers/formulas in the shaded (gray) cells.
An asterisk (*) will appear in the column to the right of an incorrect answer.
A.
Cash sales 16,500$ 15,500$ 17,500$
Hailey’s Hats
Cash Receipts Budget
For the Quarter Ending June 30
Instructor
June
May
April
Sales on
Account
B.
Inventory:
March 43,000$ 25,800$ –$ –$
Hailey’s Hats
Cash Disbursements Budget
For the Quarter Ending June 30
Total
Sales
April
May
June
C.
Beginning cash balance 10,000$ 10,000$ 10,000$
Cash Flows from Operating Activities:
Hailey’s Hats
Summary Cash Budget
For the Quarter Ending June 30
April
May
June
Cash receipts 46,200 52,500 64,500
Equipment purchases (24,000) – –