Karim Corporation requires a minimum $9,300 cash balance. Loans taken to meet this requirement cost 2% Interest per month (paid at the end of each month). Any preliminary cash balance above $9,300 is used to repay loans at month-end. The cash balance on July 1 Is $9,700, and the company has no outstanding loans. Budgeted cash receipts (other than for loans received) and budgeted cash payments (other than for loan or Interest payments) follow. Cash receipts Cash payments July $ 25,300 29,950 Beginning cash balance Add: Cash receipts Total cash available Less: Cash payments for All items excluding interest Total cash payments Preliminary cash balance Prepare a cash budget for July, August, and September. (Negative balances and Loan repayment amounts (if any) should be Indicated with minus sign. Round your final answers to the nearest whole dollar.) Loan activity Additional loan (loan repayment) Ending cash balance August $ 33,300 31,300 Loan balance - Beginning of month KARIM CORP. Cash Budget, S September $ 41,300 33,300 July Loan balance S 9,700 25,300 35,000 0 0 August 33,300 0 September 41.300

Karim Corporation requires a minimum $9,300 cash balance. Loans taken to meet this requirement cost 2% interest per month (paid at the end of each month). Any pretiminary cash balance above $9,300 is used to repay loans at month-end. The cash balance on July 1 is $9.700, and the company has no outstanding loans. Budgeted cash recelpts (other than for loans recelved) and budgeted cash payments (other than for loan or interest payments) follow. Prepare a cash budget for July, August, and September (Negotlve balances and Loan repayment amounts (if any) should be Indicated with minus sign. Round your final answers to the nearest whole dollar.) Karim Corporation requires a minimum $9,300 cash balance. Loans taken to meet this requirement cost 2% interest per month (paid at the end of each month). Any preliminary cash balance above $9,300 is used to repay loans at month-end. The cash balance on July 1 is $9.700, and the company has no outstanding loans. Budgeted cash receipts (other than for loans received) and budgeted cash payments (other than for loan or interest payments) follow. Prepare a cash budget for July, August, and September. (Negatlve balances and Loan repayment amounts (if any) should be Indicated with minus sign. Round your final answers to the nearest whole dollar.) payments (other than for loan or interest payments) follow. Prepare a cash budget for July, August, and September. (Negative bolances and Loon repoyment omounts (If ony) should be Indicated with minus sign. Round your final answers to the nearest whole dollar.)