Exercise 9-19

Pletcher Dental Clinic is a medium-sized dental service specializing in family dental care. The clinic is currently preparing the master budget for the first 2 quarters of 2017. All that remains in this process is the cash budget. The following information has been collected from other portions of the master budget and elsewhere.

Beginning cash balance	$34,260
Required minimum cash balance	28,550
Payment of income taxes (2nd quarter)	4,568
Professional salaries:
1st quarter	159,880
2nd quarter	159,880
Interest from investments (2nd quarter)	7,994
Overhead costs:
1st quarter	87,934
2nd quarter	114,200
Selling and administrative costs, including
$2,284depreciation:
1st quarter	57,100
2nd quarter	79,940
Purchase of equipment (2nd quarter)	57,100
Sale of equipment (1st quarter)	13,704
Collections from clients:
1st quarter	268,370
2nd quarter	433,960
Interest payments (2nd quarter)	228

Prepare a cash budget for each of the first two quarters of 2017.(Do not leave any answer field blank. Enter 0 for amounts.)

What is the borrowings and repayments amount on the cash budget?