Please do not give solution in image format thanku Carla Vista Dental Clinic is a medium-sized dental service specializing in family dental care. The clinic is currently preparing the masterbudget for the first 2 quarters of 2020. All that remains in this process is the cash budget. The following information has been collectedfrom other portions of the master budget and elsewhere.Beginning cash balanceRequired minimum cash balancePayment of income taxes (2nd quarter)Professional salaries:1st quarter2nd quarterInterest from investments (2nd quarter)Overhead costs:1st quarter2nd quarterSelling and administrative costs, including$2,180 depreciation:1st quarter2nd quarterPurchase of equipment (2nd quarter)Sale of equipment (1st quarter)Collections from clients:1st quarter2nd quarterInterest payments (2nd quarter)$32,70027,2504,360152,600152,6007,63083,930109,00054,50076,30054,50013,080256,150414,200218Prepare a cash budget for each of the first two quarters of 2020.CARLA VISTA DENTAL CLINICCash Budget>$1st Quarter$2nd Qua110

The cash budget is an estimate of cash receipts and their payment over a future period of time. It…

2nd quarter Selling and administrative costs, including $2,180 depreciation: 1st quarter 2nd quarter Purchase of equipment (2nd quarter) Sale of equipment (1st quarter) Collections from clients: 1st quarter 2nd quarter Interest payments (2nd quarter) 109,00 54,500 76,300 54,500 13,080 256,150 414,200 218 Prepare a cash budget for each of the first two quarters of 2020. CARLA VISTA DENTAL CLINIC Cash Budget

2nd quarter Selling and administrative costs, including $2,180 depreciation: 1st quarter 2nd quarter Purchase of equipment (2nd quarter) Sale of equipment (1st quarter) Collections from clients: 1st quarter 2nd quarter Interest payments (2nd quarter) 109,00 54,500 76,300 54,500 13,080 256,150 414,200 218 Prepare a cash budget for each of the first two quarters of 2020. CARLA VISTA DENTAL CLINIC Cash Budget

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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