Chapter $20$ Exercises: $45$ pts

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$19$ Exercise $20-17($Static$)$ Preparation of cash budgets $($for three periods$)$ LO P$2$

$4\mathrm{.}5$ points

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.

$\backslash$table$[[,$Cash Receipts,Cash payments$],[$January$,$$$525,000,$$$475,000$