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Happ Company requires a minimum cash balance of $3,100. When the company expects a cash deficlency, it borrows the exact amount required on the first

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Happ Company requires a minimum cash balance of $3,100. When the company expects a cash deficlency, it borrows the exact amount required on the first of the month. Expected excess cash is used to repary any amounts owed. Interest owed from the previous month's princlpot batance is pald on the frst of the month at 14% per year. The compary has atready complofed the budgeting procoss for the first quarter for cash receipts and cash payments for alf expenses except interest. (Cick the icon to vitw the completed budget information.) Harp does not have any outstanding dobt on January 1. Complete the cash budget for the first quarter for Harp Company Round interest expense to the nearest whole dollar. Begin by preparing the cash budgot for January, then prepare the cash budget for February and March. Finaly, prepare the totals for the quarter. (Complete all input fields. Enter a " Q " for any zero balonces. Round al amounts ensered into the cash budget to the neacest whole dollar, Enter a cash defeiency andlor negative effects of financing with a minus sign or paranthesos.) Happ Company requires a minimum cash balance of $3,100. When the company expects a cash deficlency, it borrows the exact amount required on the first of the month. Expected excess cash is used to repary any amounts owed. Interest owed from the previous month's princlpot batance is pald on the frst of the month at 14% per year. The compary has atready complofed the budgeting procoss for the first quarter for cash receipts and cash payments for alf expenses except interest. (Cick the icon to vitw the completed budget information.) Harp does not have any outstanding dobt on January 1. Complete the cash budget for the first quarter for Harp Company Round interest expense to the nearest whole dollar. Begin by preparing the cash budgot for January, then prepare the cash budget for February and March. Finaly, prepare the totals for the quarter. (Complete all input fields. Enter a " Q " for any zero balonces. Round al amounts ensered into the cash budget to the neacest whole dollar, Enter a cash defeiency andlor negative effects of financing with a minus sign or paranthesos.)

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