increments of 1,000 and repay on the last day of the month. repayments in amount avaliable. company pay vendors on the last day of the month. it pay interest of 2 % per month in cash on last day of month. the company desires to maintain a 21000 cash cushion prepare a cash budget

borrow in increments of 1,000$

November $ 21,756 387,200 388,058 December $ 36.183 440,640 4 78,823 Cash Budget October Beginning cash balance $ 0 Add: Cash receipts 138,000 Cash available 138,000 Less: Payments For inventory purchases 206,584 For selling and administrative expenses 33,500 Purchase of store foctures 146,000 Interest expense 5,560 296,453 50.760 2 00,000 55,112 0 5.258 5,560 302,244 352.773 350.428 Total budgeted payments Payments minus receipts Surplus (shortage) Financing activity Borrowing (repayment) Ending cash balance (256,244) 36,183 120,395 278,000% 21,756 0% 36,183 0% 128,395 $ $ $