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Eddie's Bar and Restaurant Supplies expects its cash receipts and cash payments for the part of the year to be: Eddie's had a cash balance
Eddie's Bar and Restaurant Supplies expects its cash receipts and cash payments for the part of the year to be: Eddie's had a cash balance of $2,000 on March 1 , which is also its minimum required cash balance. The company invests any cash in excess of $2,000 into marketable securities. Marketable securities are sold before funds are borrowed when a cash shortage occurs, Loans are paid before new marketable securities are purchased in a month. There is an outstanding loan of $2,000 on March 1 . The opening balance of the Marketable Securities on Mar 1 was \$o. Prepare a cash budget for March, April, and May by completing the following table. (fill in every cell, even if the number is zero)
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