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Karim Corporation requires a minimum $9,400 cash balance. Loans taken to meet this requirement cost 1% interest per month (paid at the end of each

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Karim Corporation requires a minimum $9,400 cash balance. Loans taken to meet this requirement cost 1% interest per month (paid at the end of each month). Any preliminary cash baiance above $9,400 is used to repay loans at month-end. The cash balance on fuly 1 is $9,800, 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 (Negative bolances and Loon repayment amounts (if any) should be Indicated with minus sign. Round your final answers to the nearest whole dollar.)

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