You recently began a job as an accounting intern at Big Sky Adventures Your first task was to help prepare the cash budget for February and March Unfortunately, the computer with the budget file crashed, and you did not have a backup or even a hard copy You ran a program to salvage bits of data from the budget file. After entering the following data in the budget, you may have just enough information to reconstruct the budget A (Click the icon to view information on borrowing cash.) Requirements 1. Complete the following cash budget (For amounts with a zero balance, make sure to enter "o" in the appropriate cell. Enter cash deficiencies with a minus sign or parentheses. Enter the net total etfects of financing with a minus sign or parentheses when the amount is a net outflow. Round the interest expense to the nearest whole dollar.) Big Sky Adventures Ltd. Cash Budget February and March February 16,900 Beginning cash balance Cash collections Cash from sale of plant assets 107,100 Cash avalable Cash payments Purchases of inventory 47.100 Enter any number in the edit fields and then cick Check Answer Check Answer E9-36A (similar to) Question Help You recently began a job as an accounting intem at Big Sky Adventures. Your first task was to help prepare the cash budget for February and March Unfortunately, the computer with the budget file crashed, and you did not have a backup or even a hard copy You ran a program to salvage bits of data from the budget fle. After entering the following data in the budget, you may have just enough information to reconstruct the budget A (Click the icon to view information on borrowing cash.) Requirements 1. Complete the following cash budget Purchases of inventory Operating expenses 47,100 97.200 Total payments (1) Ending cash balance before financing 21,000 Minimum cash balance desired Cash excess (delidency) Financing of cash deficiency Borrowing (at end of month) Principal repayments (at end of month) Interest expense (2) Total effects of financing Ending cash balance (1) + (2) Enter any number in the edit fields and then click Check Answer Check Answer E9-36A (similar to) Question Help You recently began a job as an accounting intern at Big Sky Adventures Your first task was to help prepare the cash budget for February and March Unfortunately, the computer with the budget file crashed, and you did not have a backup or even a hard copy You ran a program to salvage bits of data from the budget file After entering the following data in the budget, you may have just enough information to reconstruct the budget O (Click the icon to view information on borrowing cash.) Requirements 1. Complete the following cash budget Purchases of inventory 47.100 Operating expenses 97,200 Total paymenta (1) Ending cash balance before financing 21,000 Minimum cash balance desired Cash excess (deficiency) Financing of cash deficiency Borrowing (at end of month) Principal repayments (at end of month) Interest expense (2) Total effects of fitancing Ending canh balance (1) (2) Enter any number in the edit fields and then click Check Answer 1 part rermaining Clear All Check Answer view information on borrowing cash.) ng cash budget atops More Info Big Sky Adventures eliminates any cash deficiency by borrowing the exact amount needed from Caisse Populaire, where the current interest rate is 7%. Big Sky Adventures pays interest on its outstanding debt at the end of each month. The company also repays all borrowed amounts at the end of the month as cash cie an becomes available. de Print Done er ancing (1) + (2) the edit fields and then click Check Answer Check Answ Clear All Pearson Incomplete budget - X ruary and Marc from the bud y began a job as an acce ith the budget file crashe g data in the budget, you the icon to view inform ents e the following cash budd Big Sky Adventures Ltd. Cash Budget February and March ses of inventory February March ing expenses Beginning cash balance 16,900 $? payments 80,000 Cash collections cash balance before fina 2,600 Cash from sale of plant assets am cash balance desired 107,100 Cash available excess (deficiency) Cash payments: ing of cash deficiency" owing (at end of month) ipal repayments (at end o S? S 41,000 Purchase of inventory 47,100 Operating expenses 97,200 Total payments est expense (1) Ending cash balance before financing 24,600 21,000 21,000 ffects of financing Minimum cash balance desired $? $? sh balance (1) + (2) Cash excess (deficdiency) number in the edit fields Print Done Check A ing Qu (similar to) - X O Incomplete budget ruary and March a from the budge ly began a job as an acco vith the budget file crashe ng data in the budget, you the icon to view inform ents te the following cash budd 2,600 Cash from sale of plant assets 107 100 Cash available Cash payments: ases of inventory $7 5 47,100 41,000 Purchase of inventory ting expenses Operating expenses 97, 200 ments g cash balance before fina mum cash balance desired Total payments 24,600 (1) Ending cash balance before financing 21,000 21,000 Minimum cash balance desired $? $7 excess (deficiency) Cash excess (deficiency) cing of cash deficiency rowing (at end of month) mcipal repayments (at end d erest expense Financing of cash deficiency $? $? Borrowing (at end of month) Principal repayments (at end of month) Interest expense effects of financing (2) Total effects of financing $? $? cash balance (1) + (2) Ending cash balance (1) + (2) number in the edit fields Done Print Check Ans ining