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Please provide me the correct answer as fast as you can 15 points 1 The controller of Big River Inc wishes to improve the company's
Please provide me the correct answer as fast as you can
15 points 1 The controller of Big River Inc wishes to improve the company's control system by preparing a monthly cash budget. The following Information relates to the month ending May 31, 2024 April 30, 2024, cash balance Dividends were declared on April 15 Cash expenditures to be paid in May for operating expenses Depreciation expense. Cash collections to be received Herchandise purchases to be paid in cash Equipment to be purchased for cash $104,000 31,000 77,100 10,400 185,000 115,908 43,100 44,000 look "Dividends are payable to shareholders of record on declaration date, 30 days after declaration Required: Big River wishes to maintain a minimum cash balance of 1. Prepare a cash budget for the month ended May 31, 2024, indicating how much, if anything. Big River will need to borrow to meet its minimum cash requirement. (Leave no cells blank-be certain to enter "0" wherever required.) Big River Inc. Cash Budget for May 31, 2024 Total cash avalable before current financing Less dabursements Total disbursements 1 Excess (deficiency) of cash available over disbursements Financing 0 0 $ 0 Me
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