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
Human Anatomy & Physiology (11th Edition)
11th Edition
ISBN:9780134580999
Author:Elaine N. Marieb, Katja N. Hoehn
Publisher:Elaine N. Marieb, Katja N. Hoehn
Chapter1: The Human Body: An Orientation
Section: Chapter Questions
Problem 1RQ: The correct sequence of levels forming the structural hierarchy is A. (a) organ, organ system,...
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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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2Fc07c3a95-43e3-4d08-9a6f-c458707eb61b%2Fb6799a39-da1e-4689-9da9-237a7458ae54%2Fffhri9_processed.jpeg&w=3840&q=75)
Transcribed Image Text: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
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