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Question 3 The beginning cash balance on 1 April was $20,000. Minimum cash balance of $5,000 must be maintained at the end of each month.

Question 3

The beginning cash balance on 1 April was $20,000. Minimum cash balance of $5,000 must be maintained at the end of each month.

Required:

Prepare the cash budget for the month of April, May and June.

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