George Manufacturing has $10,800 cash on hand on October 1. The company requires a minimum cash balance of $8,100. October cash collections are $550,000. Total cash payments for October are $590,000. Prepare a cash budget for October. How much cash, if any, will George need to borrow by the end of October?

George Manufacturing has $10,800 cash on hand on October 1. The company requires a minimum cash balance of $8,100. October cash collections are $550,000. Total cash payments for October are $590,000. Prepare a cash budget for October. How much cash, if any, will George need to borrow by the end of October? Cash Budget For the Month Ended October 31 Beginning cash balance Cash collections from customers Cash available before financing Total cash payments Ending cash balance before financing Minimum cash balance desired Cash excess (deficiency) George cash by the end of October