Question $7$: Cash borrowings Leed Company wants to maintain a minimum cash balance of $$50,000$ each quarter. Based on this information provide a summary of their cash budget. $15$ PTS

Qtr $1$

Qtr $2$

Qtr $3$

Qtr $4$

Beg Cash Balance $,130,000$

Add: Cash Receipts

Cash Available

Less: Cash Payments

Budgeted Ending

Cash Balance

Minimum cash

balance

Short term

borrowings

Surplus$/($deficit$)$Cash

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$12pt$

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