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Home Q & A Board Other Fields Homework Help Business Accounting
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Tomm Tomm
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6 years ago
From the following information, prepare a cash budget for Quick Turtle Ltd. for the year ended December 31, 2014.

Proceeds from sale of equipment   $22,000
Purchases of inventory for cash   150,000
Receipts from customers   315,000
Proceeds from issuing short-term note payable   50,000
Payments for operating expenses   125,000
Payments for interest and taxes   37,000
Payments for dividends   22,000
Debt payments   38,000

The Cash balance on January 1, 2014, is $100,300. The budgeted cash balance for December 31, 2014, is $90,000.
Textbook 
Financial Accounting, Canadian Edition

Financial Accounting, Canadian Edition


Edition: 5th
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ACC 925
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AlexmosutheAlexmosuthe
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6 years ago
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Tomm Author
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6 years ago
You make an excellent tutor!
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ediblefruitz
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2 hours ago
I appreciate what you did here, answered it right Smiling Face with Open Mouth
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