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Kayim Corporation iequires a minimum $ 8 , 0 0 0 cash balance. Loans taken tcinect this requirement cost 1 % interest per month (

Kayim Corporation iequires a minimum $8,000 cash balance. Loans taken tcinect this requirement cost 1% interest per month (paid at. the end of each month). Any preliminary casn balaice above $8,000 is used to repay isans at month-ente The cash balance on July 1 is $8.400, and the company has no outstariding loans. Budgeted cash-receipis fother than for loans rceived and budgeted cash payments (other than for ln or interest paypentes) follow:
Prepare a cash budget for July. August, and September:
Note: Negative balnces arid Loan repayment amounts (if any)houlld be indieated, with minus sign. Round your final answers to the nearest whole dollar.
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