4 16.66 points eBook Kayak Company budgeted the following cash receipts (excluding cash receipts from loans received) and cash payments (excluding cash payments for loan principal and interest payments) for the first three months of next year. January February March Cash Receipts $ 525,000 Kayak requires a minimum cash balance of $30,000 at each month-end. Loans taken to meet this requirement charge 1%, interest per month, paid at each month-end. The interest is computed based on the beginning balance of the loan for the month. Any preliminary cash balance above $30,000 is used to repay loans at month-end. The company has a cash balance of $30,000 and a loan balance of $60,000 at January 1. Beginning cash balance Total cash available 407,000 468,000 Prepare monthly cash budgets for January, February, and March. (Negative balances and Loan repayment amounts (if any) should be indicated with minus sign.) Cash payments $ 469,600 351,600 533,000 Total cash payments Preliminary cash balance Loan activity KAYAK COMPANY Cash Budget $ January 30,000 0 February 0 March 0

Kayak Company budgeted the following cash receipts (excluding cash receipts from loans recelved) and cash payments (excluding cash payments for loan principal and interest payments) for the first three months of next year Kayok requires a minimum cash balance of $30,000 at each month-end toans taken to meet this requirement charge th, interest per month, paid at each month-end. The interest is computed based on the beginning balance of the loan for the month. Any preliminary cash batance above $30,000 is tised to repay loans at month end. The company has a cash balance of $30,000 and a loan balance of $60,000 at January 1 Prepare monthily cash budgets for January. February, and March. (Negotive bolonces and Loen repayment omounts (if any) should be indicoted with minus sign.) Kayak requires a minimum cash balance of $30,000 at each month-end. Loans taken to meet this requirement charge 1%, interest per month, paid at each month-end. The interest is computed based on the beginning balance of the loan for the month. Any preliminary cash balance above $30,000 is used to repay loans at month-end. The company has a cash balance of $30,000 and a loan balance of $60,000 at January 1 . Prepare monthly cash budgets for January, February, and March. (Negotive bolonces and Loan repoyment amounts (if any) should be indicoted with minus sign.)