Crockett Company is preparing a cash budget for July. The following estimates were made: 1. Expected cash balance, July1

[answerhappygod]

Crockett Company is preparing a cash budget for July. Thefollowing estimates were made:
1. Expected cash balance, July1, Rs.5,000.
2. Company Purchased Equipment for factory use for 2,700 duringJuly
3. Rockett's customers pay for 50% of their purchases during themonth of purchases and balance during the following month.
4. Merchandise is purchased on account for resale, with 25% ofpurchases paid for during the month of purchase and the balancepaid during the following month.
5. Dividends of Rs.15,000 are expected to be declared and paidduring July. 6. Crockett's desire is to have a minimum month endcash balance of Rs.5,000.
7. A line of credit for Rs. 50,000 is available at the localbank.
8. Other budgets include the following estimates:
June And july
Required:
Prepare a cash budget for the month of July.