Complete the cash budget below. (Use parentheses or a minus sign for negative ending cash balances or deficiencies.)

Howard Services, Inc.

Combined Cash Budget

For the Month Ended August 31

Howard Services, Inc., has $8,500 cash on hand on August 1. The company requires a minimum cash balance of $7,600. August cash collections are $548,590. Total cash payments for August are $572,850. Prepare a cash budget for August. How much cash, if any, will Howard need to borrow by the end of August? Beginning cash balance Plus: Cash collections Total cash available Less: Cash payments Ending cash balance before financing Minimum cash balance desired Cash excess (deficiency)