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Question Help You recently began a job as an accounting intern at Raymond Golf Park. Your first task was to help prepare the cash budget for Raymond Golf Park eliminates any cash deficiency by borrowing the exact amount needed from First Street Bank, where the April and May. Unfortunately, the computer with the budget file crashed, and you did not have a backup or even a paper copy. current interest rate is 6% per year. Raymond Golf Park first pays interest on its outstanding debt at the end of each month. The You ran a program to salvage bits of data from the budget file. After entering the following data in the budget, you may have just company then repays all borrowed amounts at the end of the month with any excess cash above the minimum required but after enough information to reconstruct the budget. paying monthly interest expenses. Raymond does not have any outstanding debt on April 1. (Click the icon to view the cash budget.) Complete the cash budget. Round interest expense to the nearest whole dollar. (Complete all input boxes. Enter a "0" for zero balances. Enter cash deficiencies with a minus sign or parentheses. Enter the net total effects of financing with a minus sign when the amount is a net outflow. Round interest expense to the nearest whole dollar.) Raymond Golf Park Cash Budget Two Months Ended May 31 April May Beginning cash balance $ 16,400 Cash receipts 81,000 Cash from sale of plant assets 0 2,000 Cash available 108,400 Cash payments: Purchase of inventory 41,200 Selling and administrative expenses 46,000 Interest expense Total cash payments 96,700 Ending cash balance before financing 22,000 120 nomil Enter any number in the edit fields and then continue to the next question.Question Help You recently began a job as an accounting intern at Raymond Golf Park. Your first task was to help prepare the cash budget for Raymond Golf Park eliminates any cash deficiency by borrowing the exact amount needed from First Street Bank, where the April and May. Unfortunately, the computer with the budget file crashed, and you did not have a backup or even a paper copy. current interest rate is 6% per year. Raymond Golf Park first pays interest on its outstanding debt at the end of each month. The You ran a program to salvage bits of data from the budget file. After entering the following data in the budget, you may have just company then repays all borrowed amounts at the end of the month with any excess cash above the minimum required but after enough information to reconstruct the budget. paying monthly interest expenses. Raymond does not have any outstanding debt on April 1. (Click the icon to view the cash budget.) Complete the cash budget. Round interest expense to the nearest whole dollar. Cash from sale of plant assets Z, JUU Cash available 108,400 Cash payments: Purchase of inventory 41,200 Selling and administrative expenses 46,000 Interest expense Total cash payments 96,700 Ending cash balance before financing 22,000 Minimum cash balance desired (20,000) (20,000) Cash excess (deficiency) Financing: Borrowing Principal repayments Total effects of financing Ending cash balance Enter any number in the edit fields and then continue to the next question.Data Table - X April May Beginning cash balance $ 16,400 $ ? Cash receipts ? 81,000 Cash from sale of plant assets 2,000 Cash available 108,400 Cash payments: Purchase of inventory 41,200 Selling and administrative expenses 46,000 Interest expense Total cash payments 96,700 Ending cash balance before financing 22,000 Minimum cash balance desired (20,000) (20,000) Cash excess (deficiency) Financing: Borrowing Principal repayments Print Done