Question cash flow budgetingusing the following information

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Reference no: EM13375692

Question

Cash Flow Budgeting

Using the following information complete the cash flow budget for the months of January, February and March. Be sure to include GST in the rows provided. GST at the end of December 2006 was negative $2500. The cumulative balance in December was $20,234.

Month	Jan	Feb	Mar
Income
Steers		$35,000
Wheat sales			$82,500
Salary for silo work	$2,000	$2,000	$2,000
Expenses
Replacement bull			$1,600
Animal health		$206
Calf transfers		$3,300
Chemical			$8,320
Rates			$1,300
Fuel and oil	$12,850
School fees	$2,800
telephone		$300
wages	$2,689	$2,689	$2,689
electricity			$400
Fencing materials			$5,000
R & M machinery	$550	$550	$550
stationary	$7	$7	$7
R & M building	$142	$142	$142
Bank chargers		$130

Cash flow budget 6006 -2007

	Dec-06	Jan-07	Feb-07	Mar-07
income





GST
Total income
expenses






















GST GST Liability Net cash flow
Cumulative balance

Reference no: EM13375692

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