hoppy company

Hoppy Company requires a minimum cash balance of $3,500. When the company expects a cash deficiency,it borrows the exact amount required on the first of the month Expected excess cash is used to repay ary amounts owodhierest owed t mte prevous mort's pri opa' balance spadon te frst ofte moth at M% per yu.r cor pry has a ready co p eed hrbub rgmi""hehprri receipts and cash payments for all expenses except interest (Click the icon to view the completed budget information) Hoppy does not have any outstanding debt on January 1. Complete the cash budget for the first quarter for Happy Company. Round interest expernse to the nearest whole dolr For the Three Months Ended March 31 January February March Total 3.500 35003500 10s $3,500 19,00027,50042,000 Beginning balance Cash receipts Cash available Cash payments 88,500 22,500 45500 000 35,000 30,000108,000 Alil expenses except interest Interest expense Total cash payments Enter any number in the edit fields and then continue to the next questorn Save for Later lype here to search 8 Hoppy Company requires a minimum cash balance of $3,500. When the company expects a cash deficiency,it borrows the exact amount required on the first of the month Expected excess cash is used to repay ary amounts owodhierest owed t mte prevous mort's pri opa' balance spadon te frst ofte moth at M% per yu.r cor pry has a ready co p eed hrbub rgmi""hehprri receipts and cash payments for all expenses except interest (Click the icon to view the completed budget information) Hoppy does not have any outstanding debt on January 1. Complete the cash budget for the first quarter for Happy Company. Round interest expernse to the nearest whole dolr For the Three Months Ended March 31 January February March Total 3.500 35003500 10s $3,500 19,00027,50042,000 Beginning balance Cash receipts Cash available Cash payments 88,500 22,500 45500 000 35,000 30,000108,000 Alil expenses except interest Interest expense Total cash payments Enter any number in the edit fields and then continue to the next questorn Save for Later lype here to search 8