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QS 2 0 - 2 3 ( Algo ) Cash budget LO P 2 Santos Company is preparing a cash budget for February. The company

QS 20-23(Algo) Cash budget LO P2
Santos Company is preparing a cash budget for February. The company has $14,000 cash at the beginning of February and budgets $70,000 in cash receipts from sales and $112,000 in cash payments during February. Prepare the cash budget for February assuming the company maintains a $5,000 minimum cash balance and will take a loan if necessary to maintain this balance. The company has no loans outstanding on February 1.(Negative cash balances, if any, should be indicated with minus sign.)
\table[[SANTOS COMPANY],[Cegh Budget,February],[,],[Total cash available,],[,],[Preliminary cash balance,],[Loan activity,],[,],[Ending cash balance,],[Loan balance, end of month,]]
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