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Assure Piedmont Computer Company began January with $15,000 cash. Managerrent forecasts the following cash receipts and payments during the period: A (Click the icon to view the information.) Read the requirements Requirement 1. Prepare Piedmont Computer Company's cash budget for January and February, 2020. Begin by completing the January cash budget, then complete the February cash budget. (Complete all answer boxes. Enter a "O" for any zero balances. Round all amounts entered into the cash budget to the nearest whole dollar. Enter a cash deficiency, principal repayments, and/or a net repayment on financing with a minus sign or parentheses. Assume there is no debt at the beginning of January.) Total 0 Requirements Piedmont Computer Company Cash Budget Two Months Ended February 28, 2020 January February $ Beginning cash balance 15,000 $ 41.000 Cash receipts 48,000 51,000 Cash available 63.000 92.000 Cash payments: Capital expenditures 20,000 41,000 Selling and administrative expenses 2,000 2,000 0 0 o n Interest expense 22,000 Total cash payments 43,000 Ending cash balance before financing 41,000 49,000 Minimum cash balance desired (26,000) (26,000) Projected cash excess (deficiency) 15,000 23,000 1. Prepare Piedmont Computer Company's cash budget for January and February, 2020 2. How much cash will Pledmont Computer Company borrow in February If cash receipts from customers that month total $41,000 instead of S51,000? Print Done Enter any number in the edit fields and then click Check Answer. Assume Piedmont Computer Company began January with $15,000 cash. Management forecasts the following cash receipts and payments during the period: (Click the icon to view the information.) Read the requirements, January February Total Beginning cash balance $ 15,000 $ 41,000 48,000 51,000 63.000 92,000 Cash receipts Cash available Cash payments: : Capital expenditures Selling and administrative expenses 41,000 20,000 2,000 2.000 0 Interest expense 0 22,000 43,000 Requirements Total cash payments Ending cash balance before financing Minimum cash balance desired Projected cash excess (deficiency) Financing Borrowing 41,000 (26,000) ) 15,000 49,000 (26,000) 23,000 1. Prepare Piedmont Computer Company's cash budget for January and February, 2020 2. How much cash will Piedmont Computer Company borrow in February if cash receipts from customers that month total $41,000 instead of $51,000? 0 0 Principal repayments 0 0 0 Total effects of financing 0 Print Done $ 41,000 $ 49,000 Ending cash balance
