irootorlo-.,comlsecuredllockdovih bled: EXAM 3 Chap 73.3.1.1 o i - , , 7 . - , , - i x a .. i. ,. . , , .54 ' Karim Corporation requires a minimum $9,700 cash balance. Loans taken to meet this reqUireme'nt cos 9\" the end of each month). Any preliminary cash balance above $9,700 ls used to repay loans at month-end. The cash b is $10,100. and the company has no outstanding loans. Budgeted cash receipts (other than for loaris received) nd la 'de payments (other than for loan or interest payments) follow. ' - I Cash receipts $ 25,700 $ 3,700 $ 41,700 Cash payments 30,55'0 , 31,700 33,700 Prepare a cash budget for July. August, and September. (Negative balances and Loan repayment amounts l(if any) should be . indicated with minus sign. Round your final answers to the nearest whole dollar.) , ' '_I"iJI1'I14 r Beginning cash balance ' 5 Add: Cash receipts Total cash available Add: Cash payments for Interest on loan \"ll 4' 31." Total cash payments Preliminary cash balance Ending ash balance Loan balance - End of month