Match each item with its proper disposition on a cash budget. -salaries and wages expense -cash...

Match each item with its proper disposition on a cash budget.

-salaries and wages expense
-cash collections on credit sales
-proceeds from the sale of land
-the company lent $10,000 to another company
-purchase of securities
-proceeds from the sale of an automobile
-purchases on credit
-depreciation expense
-credit sales
-general and administrative expenses
-the company repaid a loan that it had taken out
-payments made on credit purchases
-receipt of dividends from an investment
-collection of notes receivable

You can match the above with one of the following: Addition to cash, Reduction to cash, or not part of the cash budget.

Expert Solution

-salaries and wages expense	Reduction to cash
-cash collections on credit sales	Addition to cash
-proceeds from the sale of land	Addition to cash
-the company lent $10,000 to another company	Reduction to cash
-purchase of securities	Reduction to cash
-proceeds from the sale of an automobile	Addition to cash
-purchases on credit	Not part of the cash budget
-depreciation expense	Not part of the cash budget
-credit sales	Not part of the cash budget
-general and administrative expenses	Reduction to cash
-the company repaid a loan that it had taken out	Reduction to cash
-payments made on credit purchases	Reduction to cash
-receipt of dividends from an investment	Addition to cash
-collection of notes receivable	Addition to cash

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ekkarill92 answered 3 years ago

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