H The accountant for Baird's Toy Shop prepared the following cash budget. Baird's desires to maintain a cash balance of $24,000 at the end of each month. Funds are assumed to be borrowed and repaid on the last day of each month, and they do not need to be in increment amounts. The company does not have any outstanding debt prior to July. Interest is charged at the rate of 1 percent per month. Required: a. Complete the cash budget by filling in the missing amounts. Complete this question by entering your answers in the tabs below. Req A Complete the cash budget by filling in the missing amounts. Note: Any shortages or repayments should be indicated with a minus sign. Round your answers to the nearest whole dollar amount. Cash Budget July August September Section 1: Cash receipts Beginning cash balance $ 52,500 Add cash receipts 200,000 220,000 260,600 Total cash available 252,500 Section 2: Cash payments For inventory purchases 175,526 150,230 184,152 For S&A expenses 64,500 70,560 71,432 For interest expense 0 Total budgeted disbursements 240,026 Section 3: Financing activities Surplus (shortage) Borrowing (repayments) Ending cash balance 12,474 11,526 $ 24,000 $ 24,000 $ 24,000 < Prev 9 of 9 Next >