Homework: Chapter 9 Homework Question 8, E9-35A (sim... Part 1 of 2 HW Score: 48%, 12 of 25 points O Points: 0 of 3 Save You recently began a job as an accounting intem at Ralph Adventures. Your first task was to help prepare the cash budget for February and March. Unfortunately, the computer with the budget file crashed, and you did not have a backup or even a hard copy. You ran a program to salvage bits of data from the budget file. After entering the following data in the budget, you may have just enough information to reconstruct the budget. (Click the icon to view Information on borrowing cash.) Requirements Complete the following cash budget. (For amounts with a So balance, make sure to enter "O' in the appropriate input field. Enter cash deficiencies with a minus sign or parentheses. Enter the net total effects of financing with a minus sign when the amount is a net outflow. Round interest expense to the nearest whole dollar.) X February and March Incomplete budget February Beginning cash balance S S 16,700 Terry G GTI Plus: Cash collections February March 0 Plus: Cash from sale of plant assets : Beginning cash balance $ 16,700 $ 2 S 107.000 Total cash available Plus: Cash collections 2 79,900 Less: Cash payments (purchase inventory) Plus: Cash from sale of plant assets 0 1,900 : 47,600 $ 107,000 Total cash available $? Less: Cash payments (operating expenses) S 98,100 Total cash payments Less: Cash payments (purchase inventory S? $ 41,500 47,600 ? (1) Ending cash balance before financing Less: Cash payments (operating expenses) 20,000 $ Minimum cash balance desired Total cash payments 98,100 $? 1) (1) Ending cash balance before financing Cash excess (deficlency) S? $ 22,100 20,000 20,000 Financing Minimum cash balance desired Plus: New borrowings S? $? Cash excess (deficiency) Less: Debt repayments Financing: Less: Interest payments Plus: New borrowings : S? $ $? ) (2) Total effects of financing Less: Debt repayments ? ? 7 Less: Interest payments 7 Ending cash balance (1) + (2) (2) Total effects of financing S? $? S? $? Help me solve this ) + 2 Video Ending cash balance (1) +(2) Get more help Clear all Check answer 7