Cash Balance for January to June for Aris Caldo Company

Particulars Jan. Feb. Mar. Apr. May June

Receipts: PHP PHP PHP PHP PHP PHP

Opening balance 60,000 243,000 336,000 491,500 828,500 1,068,500

Cash Sales (20%) 24,000 20,000 30,000 48,000 40,000 40,000

Credit Sales 96,000 80,000 120,000 192,000 160,000 160,000

Collections from Credit Sales (50%, 30%, 48,000 32,000

20%) 48,000 24,000 24,000 96,000

Gross Margin (25% on Sales) 50,000 50,000

30,000 25,000 37,500 60,000

- - - - -
Marketable Securities Sold 40,000

298,000 392,000 547,500 887,500 1,126,500 1,350,500

Total Receipts

Less: Payments

Purchases (2 months advance) 40,000 40,000 40,000 40,000 40,000 40,000

Wages (Short-term 1/3) 9,000 9,000

8,000 8,000 8,000 10,000

Miscellaneous (Short-term 1/3) 9,000 9,000

7,000 8,000 8,000 9,000

Borrowed Funds (if needed) - -

- - - -

Interest on Notes (12% on Excess Cash) - -

- - - -

Total Payments 58,000 58,000

55,000 56,000 56,000 59,000

Closing Cash 1,068,500 1,292,500

243,000 336,000 491,500 828,500

58,500 58,000
55,000 56,000 56,000 62,000