Question 4 of 5 - 120 View Policies Current Attempt in Progress The controller af Trenshaw Company wants to improve the company's control system ty preparing a month by menth canh badort The following information is for the month ending 31, 2020 June 30, 2020, canh balance S45.000 Dividends to be declared on 15 19.000 Cash expenditures to be paid in for operating pemes 40.800 Amortization experne in boly 4.500 Cash collections to be rechived in July 000 Merchandise purchases to be paid in cash in 56.200 20.000 Equipment to be purchased for thinly "Dividends are payable 30 days after declaration to shareholders of record on the declaration date, Trenshaw Company wants to be a minimum cash balance of $25.000, (a) Prepare a cash budget for the month ended July 31, 2020 and indicate how much money in Tre Company will need to borrow to meet its minimum cash requirement TRENSHAW COMPANY Cash Budget $ e Textbook and Media Soverom Attempts of used