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Santos Company Is preparing a cash budget for February. The company has $12,000 cash at...

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Accounting

Santos Company Is preparing a cash budget for February. The company has $12,000 cash at the beginning of February and budgets $71,000 in cash receipts from sales and $114,000 in cash payments during February. Prepare the cash budget for February assuming the company maintains a $6,000 minimum cash balance and will take a loan if necessary to maintain this balance. The company has no loans outstanding on February 1.(Negative cash balances, If any, should be Indlcated with minus sign.)
\table[[CaNTOS COMPANY],[,Fudget],[Beginning cash balance,],[,],[Total cash available,],[,],[Preliminary cash balance,],[Loan activity,],[,],[Ending cash balance,],[Loan balance, end of month,]]
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