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A company is preparing a cash budget for March. The company has $30,840 cash at the beginning of March and budgets $75,840 in cash receipts from sales and $97,850 in cash payments during March. The company has an agreement with its bank to maintain a cash balance of $10,200 at the end of each month and will take a loan if necessary to maintain this balance. Prepare the cash budget for March. Note: Negative cash balances, if any, should be indicated with minus sign. Cash Budget Beginning cash balance Total cash available Preliminary cash balance Loan activity Ending cash balance Loan balance, end of month March

A compary is preparing a cash budget for March. The company has $30,840 cash at the beginning of March and budgets $75,840 in cash receipts from sales and $97,850 in cash payments during March. The company has an agreement with its bank to maintain a cash balance of $10,200 at the end of each month and will take a loan if necessary to maintain this balance. Prepare the cash budget for March Note: Negative cash balances, if any, should be indicated with minus sign. A company is preparing a cash budget for March. The company has $30,840 cash at the beginning of March and budgets $75,840 in cash recelpts from sales and $97,850 in cash payments during March. The company has an agreement with its bank to maintain a cash balance of $10,200 at the end of each month and will take a loan if necessary to maintain this balance. Prepare the cash budget for March. Note: Negative cash balances, if any, should be indicated with minus sign

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