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Problem and my solution below. On the 'schedule of collections' - should there be a beginning balance for May that carries over from April? On

Problem and my solution below. On the 'schedule of collections' - should there be a beginning balance for May that carries over from April?

On the 'Cash Budget' - Am I figuring the interest in the right spot so that i need to borrow $15,100 to make up for the added $100 of the interest I need to repay on the borrowed money from April?

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