AWCummins is one of Australia’s largest retail outlets and has decided to prepare a cash budget…

 
   

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AWCummins is one of Australia’s largest retail outlets and has decided to prepare a cash budget for the quarter ended 31 March 2020.
As at 1 January 2020, the Cash at bank ledger account will have a debit balance of $50,000.
The following estimates have been made for the next three months: