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K Costa Services, Inc., has $8,200 cash on hand on August 1. The company requires a minimum cash balance of $7,100. August cash collections

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K Costa Services, Inc., has $8,200 cash on hand on August 1. The company requires a minimum cash balance of $7,100. August cash collections are $548,480. Total cash payments for August are $568,960. Prepare a cash budget for August. How much cash, if any, will Costs need to borrow by the end of August? F Complete the cash budget below. (Use parentheses or a minus sign for negative ending cash balances or deficiencies.) Costa Services, Inc. Combined Cash Budget For the Month Ended August 31 Beginning cash balance Plus: Cash collections Total cash available Less: Cash payments Ending cash balance before financing Minimum cash balance desired Cash excess (deficiency), By the end of August, Costa

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