|
July |
August |
September |
|
|
Beginning cash balance |
$10,000 |
$ ? |
$ ? |
|
Add: Cash receipts |
50,000 |
63,000 |
71,000 |
|
Deduct: Cash payments |
64,000 |
58,000 |
64,000 |
|
Cash excess (deficiency) before financing |
($4,000) |
$ ? |
$ ? |
|
Financing |
|||
|
Borrowing to maintain minimum balance |
? |
? |
? |
|
Principal repayment |
? |
? |
? |
|
Interest payment |
? |
? |
? |
|
Ending cash balance |
$ ? |
$ ? |
$ ? |
Chapter 6 Exercise 5
5. Abbreviated cash budget; financing emphasis
An abbreviated cash budget for Big Chuck Enterprises follows.