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Kayak Company budgeted the following cash receipts (excluding cash receipts from loans received) and cash payments (excluding cash payments for loan principal and interest payments)

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Kayak Company budgeted the following cash receipts (excluding cash receipts from loans received) and cash payments (excluding cash payments for loan principal and interest payments) for the first three months of next year. Kayak requires a minimum cash balance of $30,000 at each month-end. Loans taken to itheet this requirement charge 1%, interest permonth, paid at each month-end. The interest is computed based on the beginning balance of the loon for the month, Any preliminary cash balance above $30,000 is used to repay loans at month-end. The company has a cash balance of $30,000 and a loan balance of $60,000 at January 1 . Prepare monthly cash budgets for January, February, and March. (Negative balances and Loan repayment amounts (if any) should be indicated with minus sign.) \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ KAYAK COMPANY } \\ \hline \multicolumn{5}{|c|}{ Cash Budiget } \\ \hline & \multicolumn{2}{|c|}{ January } & \multirow[t]{2}{*}{ February } & \multirow[t]{2}{*}{ March } \\ \hline Beginning cash balance & & 30,000 & & \\ \hline \multicolumn{5}{|l|}{ F } \\ \hline \multicolumn{5}{|l|}{ Total cash available } \\ \hline \multicolumn{5}{|l|}{} \\ \hline c & & & & \\ \hline \multicolumn{5}{|l|}{ F } \\ \hline \multicolumn{5}{|l|}{ Total cash payments } \\ \hline \multicolumn{5}{|l|}{ Preliminary cash balance } \\ \hline \multicolumn{5}{|l|}{ Loan activity } \\ \hline \\ \hline \multicolumn{5}{|l|}{ Ending cash balance } \\ \hline \multicolumn{5}{|c|}{ Loan balance } \\ \hline Loan balance - Beginning of month & $ & 60,000 & & \\ \hline \multicolumn{5}{|l|}{ Additional loan (loan repayment) } \\ \hline Loan balance, end of month & & & & \\ \hline \end{tabular} Kayak Company budgeted the following cash receipts (excluding cash receipts from loans received) and cash payments (excluding cash payments for loan principal and interest payments) for the first three months of next year. Kayak requires a minimum cash balance of $30,000 at each month-end. Loans taken to itheet this requirement charge 1%, interest permonth, paid at each month-end. The interest is computed based on the beginning balance of the loon for the month, Any preliminary cash balance above $30,000 is used to repay loans at month-end. The company has a cash balance of $30,000 and a loan balance of $60,000 at January 1 . Prepare monthly cash budgets for January, February, and March. (Negative balances and Loan repayment amounts (if any) should be indicated with minus sign.) \begin{tabular}{|c|c|c|c|c|} \hline \multicolumn{5}{|c|}{ KAYAK COMPANY } \\ \hline \multicolumn{5}{|c|}{ Cash Budiget } \\ \hline & \multicolumn{2}{|c|}{ January } & \multirow[t]{2}{*}{ February } & \multirow[t]{2}{*}{ March } \\ \hline Beginning cash balance & & 30,000 & & \\ \hline \multicolumn{5}{|l|}{ F } \\ \hline \multicolumn{5}{|l|}{ Total cash available } \\ \hline \multicolumn{5}{|l|}{} \\ \hline c & & & & \\ \hline \multicolumn{5}{|l|}{ F } \\ \hline \multicolumn{5}{|l|}{ Total cash payments } \\ \hline \multicolumn{5}{|l|}{ Preliminary cash balance } \\ \hline \multicolumn{5}{|l|}{ Loan activity } \\ \hline \\ \hline \multicolumn{5}{|l|}{ Ending cash balance } \\ \hline \multicolumn{5}{|c|}{ Loan balance } \\ \hline Loan balance - Beginning of month & $ & 60,000 & & \\ \hline \multicolumn{5}{|l|}{ Additional loan (loan repayment) } \\ \hline Loan balance, end of month & & & & \\ \hline \end{tabular}

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