E9-35A (similar to) Question Help You recently began a job as an accounting intern at Randell 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 Click the icon to view information on borrowing cash) Requirements Complete the following cash budget. (For amounts with a $0 balance, make sure to enter "o" in the appropriate input field. Enter cash deficiencies with a minus sign or parentheses. Enter the net total effects of financing with a minus sign when the amount is a net outflow Round interest expense to the nearest whole dollar) Randell Adventures Combined Cash Budget February and March February $ 16,200 Beginning cash balance Plus Cash collections 0 $ 106,500 Plus Cash from sale of plant assets Total cash available Less Cash payments (purchase inventory) Less Cash payments (operating expenses) Total cash payments 47,900 $ 98 600 Enter any number in the edit fields and then click Check Answer. HW Score: 79.6 9 of 9 (8 complete) Score: 0 of 3 pts E9-35A (similar to) You recently began a job as an accounting intern at Randell Adventures. Your first task was to help prepare the cash and March Unfortunately, the computer with the budget file crashed, and you did not have a backup or even a hard ce to salvage bits of data from the budget file. After entering the following data in the budget, you may have just enough reconstruct the budget Click the icon to view information on borrowing cash) Requirements Complete the following cash budget (For amounts with a 50 balance, make sure to enter "o" in the appropriate input deficiencies with a minus sign or parentheses. Enter the net total effects of financing with a minus sign when the amo Round interest expense to the nearest whole dollar.) 47.900 $ 98,600 22.000 Less Cash payments (operating expenses) Total cash payments (1) Ending cash balance before financing Minimum cash balance desired Cash excess (deficiency) Financing Plus New borrowings Less Debt repayments Less: Interest payments (2) Total effects of financing Ending cash balance (1) + (2) Enter any number in the edit fields and then click Check Answer Chef Clear All 1 part remaining D Type here to search - More Info Randell Adventures eliminates any cash deficiency by borrowing the exact amount needed from State Street Bank, where the current interest rate is 7%. Randell 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 becomes available Print Done