MENT RESOURCES 2 MSEXAM iple Choice stion 63 iple Choice stion 72 tiple Choice estion 55 ltiple Choice estion 74 ultiple Choice uestion 7 xercise 23-4 Exercise 23-16 The controller of Trenshaw Company wants to improve the company's control system by preparing a month-by-month cash budget. The following information is for the month ending July 31, 2017. June 30, 2017, cash balance Dividends to be declared on July 15* Cash expenditures to be paid in July for operating expenses Amortization expense in July Cash collections to be received in July Merchandise purchases to be paid in cash in July Equipment to be purchased for cash in July $45,000 12,900 37,900 4,400 83,700 55,100 20,800 xercise 24-6 Dividends are payable 30 days after declaration to shareholders of record on the declaration date. Trenshaw Company wants to keep a minimum cash balance of $25,000. iew Score view Results by Study jective Prepare a cash budget for the month ended July 31, 2017, and indicate how much money, if any, Trenshaw Company will need to borrow to meet its minimum cash requirement n an TRENSHAW COMPANY Cash Budget cash balance onsuo Trenshaw Company wants to keep a minimum ASSIGNMENT RESOURCES ACC122 MSEXAM Prepare a cash budget for the month ended July 31, 2017, and indicate how much money, if any Trenshaw Company will need to borrow to meet its minimum cash requirement. Multiple Choice Multiple Choice Multiple Choice Question 55 Multiple Choice TRENSHAW COMPANY Cash Budget Multiple Choice Question 70 Exercise 23-4 Review Score Review Results by Study Objective Click if you would like to Show Work for this question: Open Show Work