ELO Prepare a cash budget for two quarters.
Pisani Dental Clinic is a mediumsized dental service specializing in family dental care. The clinic is currently preparing the budget for the first two quarters of Only the cash budget remains to be done. It has collected the following information from parts of the master budget and elsewhere:
Beginning cash balance $
Required minimum cash balance
Payment of income taxes nd quarter
Professional salaries:
st quarter
nd quarter
Interest from investments nd quarter
Overhead costs:
st quarter
nd quarter
Selling and administrative expenses, including $ of depreciation:
st quarter
nd quarter
Purchase of equipment nd quarter
Sale of equipment st quarter
Collections from clients:
st quarter
nd quarter
Interest on repaymentsnd quarter
Instructions:
Prepare a cash budget for each of the first two quarters of
