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2. The following is a cash budget. Assume need a minimum cash balance of 5,000 at the start of each month. All borrowing are made

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2. The following is a cash budget. Assume need a minimum cash balance of 5,000 at the start of each month. All borrowing are made in even 1,000 increments (not repayments). No borrowing or investments exist at the beginning of July. Interest is 1% per month. Jul S7,500 16 ber (difficult 2 (d 20,000 ? (k 40,000 11,400 Beg Cash Balance Cash Recei Total cash avail Cash Disbursements 7,000 9,000 26,010 inven 10,000 8,000 Wages paid 2,000 Interest Total Disbursement 20,000 0 Financin Cash surplus (shorta 1,000 (2,000) yment Ending cash balance 5,000 Fill in the boxes: Your answerMissing Your

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