Accouting

Temecula , inc budgets the following cash receipts and cash payments for the quarter of 2014: The firm has dollar 5,000 of cash on hand at the end of june, and Management budgets an ending cash balance of dollar 5,000 at the end of each month. Temecular has arranged short-term borrowing from its bank as needed. The agreement requires Temecula to borrow in dollar 1,000 increments at the beginning of the months needed. Interest is 6 percent annually Temecula will repay principal in thousand dollar increments plus accured interest on all browings at the end of months when funds permit. Requires : Complete temecula's short term financing budget for the quarter by completing the following table