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QS 20-23 Budgeted loan activity LO P2 Santos Co. is preparing a cash budget for February. The company has $18,000 cash at the beginning of February and anticipates $69,000 in cash receipts and $109,000 in cash payments during February. What amount, if any, must the company borrow during February to maintain a $4,000 cash balance? The company has no loans outstanding on February 1. (Negative cash balances, if any, should be indicated with minus sign.) SANTOS CO. Cash Budget For Month Ended February 28 Beginning cash balance ES Total cash available Preliminary cash balance Ending cash balance

QS 20-23 Budgeted loan activity LO P2 Santos Co. is preparing a cash budget for February. The company has $18,000 cash at the beginning of February and anticipates $69,000 in cash receipts and $109,000 in cash payments during February. What amount, if any, must the company borrow during February to maintain a $4,000 cash balance? The company has no loans outstanding on February 1. (Negative cash balances, if any, should be indicated with minus sign.) SANTOS CO. Cash Budget For Month Ended February 28 Beginning cash balance ES Total cash available Preliminary cash balance Ending cash balance

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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QS 20-23 Budgeted loan activity LO P2 Santos Co. is preparing a cash budget for February. The company has $18,000 cash at the beginning of February and anticipates $69,000 in cash receipts and $109,000 in cash payments during February. What amount, if any, must the company borrow during February to maintain a $4,000 cash balance? The company has no loans outstanding on February 1. (Negative cash balances, if any, should be indicated with minus sign.) SANTOS CO. Cash Budget For Month Ended February 28 Beginning cash balance ES Total cash available Preliminary cash balance Ending cash balance
Transcribed Image Text:QS 20-23 Budgeted loan activity LO P2 Santos Co. is preparing a cash budget for February. The company has $18,000 cash at the beginning of February and anticipates $69,000 in cash receipts and $109,000 in cash payments during February. What amount, if any, must the company borrow during February to maintain a $4,000 cash balance? The company has no loans outstanding on February 1. (Negative cash balances, if any, should be indicated with minus sign.) SANTOS CO. Cash Budget For Month Ended February 28 Beginning cash balance ES Total cash available Preliminary cash balance Ending cash balance
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