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Nakak Company is preporng is budget for the third cuarier. The cash baiance on June 30 was $20,000. The compary wants a mirimum cash balance

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Nakak Company is preporng is budget for the third cuarier. The cash baiance on June 30 was $20,000. The compary wants a mirimum cash balance of $14,000, otherwise boriowing is underiven at the beginning of the month at 10 thinterest. The interest expense payment and repayerent of prinopal is not made unti the entire amount borrowed cin be repaid at once Additional budgeted tata are provided here: defioncy andior negative effects of francing with a misus sigi or parentheses ) ,000. The coml cipal is not mac ances. Round a its budget for the third quarter. The cash balance on June 30 was $20,000. The company wants a at 10% interest. The interest expense payment and repayment of principal is not made until the en Budgeted Data

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