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December of the previous year : 10,000 January : 70,000 February : 30,000 March : 50,000 April : 20,000 Prepare a cash budget for January

December of the previous year : 10,000

January : 70,000

February : 30,000

March : 50,000

April : 20,000

Prepare a cash budget for January through March and for the first quarter in total. The company maintains a minimum cash balance of $80,000.00, and this was the ending cash balance in the cash account on December 31

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