Jess Company has $$9,000$ in cash on hand on January $1$ and has collected the following budget data:

View the budget data.

Assume Jess Companyhas cash payments for selling and administrative expenses including salaries of $$44,000$ plus commissions of $188$ sales, all paid in the month of sale. The company requires a

minimum cash balance of $$8,500$ Prepare a cash budget for Januaryand FebruaryWill Jess Companyneed to borrow cash by the end of February?

Will Jess Company need to borrow cash by the end of February?