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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: March April May Receipts

 

Eddie's Bar and Restaurant Supplies expects its cash receipts and cash payments for the part of the year to be: March April May Receipts Payments 24,100 26,625 27,850 23,875 28,100 28,000 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 $0. Prepare a cash budget for March, April, and May by completing the following table.

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