ptor 20 Homework Exercise 20-20 Cash budget LO P2 krim Corp nour es a rniinnum S8,800 cash balance necessary, loans are takon to meet tes regaroment at a cost of 1% ntorest per month (paid monthly) Any excess cash is used to repay loans at month-end The cash balance on July 1 is $9,200 and the company has no outstanding loans Forecasted cash receipts (other than for loans received) and forecasted cash pryments (other than for loan or intorest payments) follow Cash receipts s24,800 s32, 800 s 40,800 Cash payments29,200 30,800 32, 800 Prepare a cash budget for July, August, and September. (Negative balances and Loan repayment amounts (if any) should be indicated with minus sign. Round your final answers to the nearest whole dollar. Cash Budget reces Begring cash balance Total cash available Ending cash balance Loan balance Loan balance . Begmmg ofm0 oan loan repayment) balance-End of month Prev 2 of 5 WWV43150