Hi, please provide detailed calculations has how you got the beginning cash balance. Thank you.

G M Question 5 - Chapter 7 - Quiz 7 X Him Brief Exercises X C The following Information relate X + X C O & https://prod.reader-ui.prod.mheducation.com/epub/sn_ed42c/data-uuid-7abed Q B In 80% + Aa Cash Cr $1 10,000 To record payments for purchases in August and prior months - . . . . . . The company pays for 80% of a month's purchases in the month of the purchase. - . . . . . . . Page 318 Required: 1. Calculate the purchases made in September. 2. What is the total amount of cash disbursements made in September for purchases? 3. What amount will be reported for inventory on the September 30 balance sheet? BRIEF EXERCISE 7-14 Preparing a Cash Budget [LO2 - CC5, 7, 12] A company has the following excess (deficiency) of cash receipts over cash disbursements projected for the next year on a quarterly basis. It will not have any cash at the start of the year. The quarterly interest rate is 2%, and any borrowing and repayment of principal must be in round $1,000 amounts. There is no cash reserve requirement. Assume loan related payments are made when excess cash is available. Quarter 3 Year Excess (deficiency) of cash $(121,140) $(41,680) $177,680 $2, 160 $17,020 available over disbursements Required: Prepare a cash budget by quarter and for the year. What is the ending cash balance in the fourth quarter if interest is accrued until the end of the fourth quarter and paid at that time along with the the total principal borrowed? brief exercise 7-14 V Highlight All Match Case Match Diacritics Whole Words 1 of 1 match Reached end of page, continued from top X Type here to search Co Earn... ~ g() 5:12 PM 12/10/2023