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Question 5: Prepare a cash budget for June and July, including any loan activity and interest expense. Compute the loan balance at the end of
Question 5: Prepare a cash budget for June and July, including any loan activity and interest expense. Compute the loan balance at the end of each month. (Do not round intermediate calculations.) Aztec Company Cash Budget June July Beginning Cash Budget Cash Receipts from Customers Total Cash Available Cash Dispersements Additional Loan (Repayment) Payments on Purchases Selling and Administrative Expenses Total Cash Dispersement Preliminary Cash Balance Intererest Expense Ending Cash Balance Loan Balance June July Loan Balance-Beginning of the Month Additional Loan (Repayment) Loan Balance- End of the Month
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