George Services, Inc., has $8,100 cash on hand on July 1. The company requires a minimum cash balance of $7,600 July cash collections are $548,400 Total cash payments for July are $579,920 Prepare a cash budget for July How much cash, if any, will George need to borrow by the end of July? Complete the cash budget below. (Use parentheses or a minus sign for negative ending cash balances or deficiencies) George Services, Inc. Combined Cash Budget For the Month Ended July 31 Beginning cash balance Plus Cash collections Total cash available Less Cash payments Ending cash balance before financing Minimum cash balance desired Cash excess (deficiency) ifice