и art 3 of 3 Required information [The following information applies to the questions displayed below.] The following trial balance was drawn from the records of Havel Company as of October 1, year 2. Cash Accounts receivable Inventory Store equipment Accumulated depreciation Accounts payable Line of credit loan Common stock Retained earnings Totals $ 16,000 60,000 40,000 200,000 $ 76,800 72,000 100,000 50,000 17,200 $ 316,000 $ 316,000 Required c. Indicate whether Havel will need to borrow money during October by preparing October's Cash Budget. Note: Negative amounts should be indicated by a minus sign. Cash Budget for October Beginning cash balance Add: Cash receipts Cash available Less: Payments For S&A expenses For inventory purchases Total budgeted payments Cash surplus (shortage) Will Havel need to borrow money during October? Yes $ 16,000 16,000 0
и art 3 of 3 Required information [The following information applies to the questions displayed below.] The following trial balance was drawn from the records of Havel Company as of October 1, year 2. Cash Accounts receivable Inventory Store equipment Accumulated depreciation Accounts payable Line of credit loan Common stock Retained earnings Totals $ 16,000 60,000 40,000 200,000 $ 76,800 72,000 100,000 50,000 17,200 $ 316,000 $ 316,000 Required c. Indicate whether Havel will need to borrow money during October by preparing October's Cash Budget. Note: Negative amounts should be indicated by a minus sign. Cash Budget for October Beginning cash balance Add: Cash receipts Cash available Less: Payments For S&A expenses For inventory purchases Total budgeted payments Cash surplus (shortage) Will Havel need to borrow money during October? Yes $ 16,000 16,000 0
Case Studies In Health Information Management
3rd Edition
ISBN:9781337676908
Author:SCHNERING
Publisher:SCHNERING
Chapter4: Revenue Management
Section: Chapter Questions
Problem 4.7.1C
Question
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