LaChut Health Center provides a variety of medical services. The company is preparing its cash budget for the upcoming third quarter. The following transactions are expected to occur:

Prepare a combined cash budget for LaChutHealth Center for the third quarter, with a column for each month and for the quarter total. (If an input field is not used in the table leave the input field empty; do not enter a zero. Use parentheses or a minus sign for negative ending cash balances.)

a.	Cash collections from services in July, August, and September, are projected to be $91,000, $154,000,and $123,000 respectively.
b.	Cash payments for the upcoming third quarter are projected to be $145,000 in July, $101,000 in August, and $138,000 in September.
c.	The cash balance as of the first day of the third quarter is projected to be $37,000.
d.	The health center has a policy that it must maintain a minimum cash balance of $27,000.

The health center has a line of credit with the local bank that allows it to borrow funds in months that it would not otherwise have its minimum balance. If the company has more than its minimum balance at the end of any given month, it uses the excess funds to pay off any outstanding line of credit balance. Each month,

LaChut

Health Center pays interest on the prior month's line of credit ending balance. The actual interest rate that the health center will pay floats since it is tied to the prime rate. However, the interest paid during the budget period is expected to be

2%

of the prior month's line of credit ending balance (if the company did not have an outstanding balance at the end of the prior month, then the health center does not have to pay any interest). All line of credit borrowings are taken or paid off on the first day of the month. As of the first day of the third quarter,

LaChut Health Center did not have a balance on its line of credit.

LaChut Health Center

Combined Cash Budget

For the Months of July through September

		July
	Beginning balance of cash	$37,000
	Plus: Cash collections	91,000
	Total cash available	128,000
	Less: Cash payments	145,000
	Ending cash balance before financing	(17,000)
	Financing:
	Plus: New borrowings	44,000
	Less: Debt repayments
	Less: Interest payments
	Ending cash balance	$27,000

August

$27,000

154,000

181,000

101,000

80,000

(44,000)

(880)

$35,120

THE PLUS NEW BORROWINGS AND ENDING BALANCE FOR SEPTEMBER WERE WRONG ON THE LAST ONE. THE ENDING BALANCE AS $20,120 and the Plus new borrowings was blank. I EVEN TRIED 44,000 AND IT WAS WRONG. THANK YOU

September

$35,120

123,000

158,120

138,000

20,120