Foyert Corp. requires a minimum $6,900 cash balance. If necessary, loans are taken to meet this requirement at a cost of 2% interest per month (paid monthly). Any excess cash is used to repay loans at month-end. The cash balance on October 1 is $6,900 and the company has an outstanding loan of $2,900. Forecasted cash receipts (other than for loans received) and forecasted cash payments (other than for loan or interest payments) follow.

	October		November		December
Cash receipts	$	22,900	$	16,900	$	20,900
Cash disbursements		25,350		15,900		15,100

Prepare a cash budget for October, November, and December.

Foyert Corp. requires a minimum $6,900 cash balance. If necessary, loans are taken to meet this requirement at a cost ot 2% Interest per month (paid monthly). Any excess cash is used to repay loans at month-end. The cash balance on October 1 is $6,900 and the company has an outstanding loan of $2,900. Forecasted cash receipts (other than for loans received) and forecasted cash payments (other than for loan or interest payments) follow. Cash receipts Cash disbursements October November December $22,900 $16,900 $ 20,900 15,900 25,350 15,100 Prepare a cash budget for October, November, and December. (Enter your "Interest on bank loan" answer to whole dollar amount.) FOYERT CORF. Cash Budget For October, November, and December October November December Beginning cash balance 6,900 lotal cash available Preliminary cash balance Ending cash balance Loan balance Loan balance - Beginning of month Additional loan (loan repayment) Loan balance End of month