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Required information Problem 20-2A (Algo) Manufacturing: Cash budget and schedule of cash payments LO P2 [The following information applies to the questions displayed below] Built-Tight

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Required information Problem 20-2A (Algo) Manufacturing: Cash budget and schedule of cash payments LO P2 [The following information applies to the questions displayed below] Built-Tight is preparing its master budget Budgeted sales and cash poyments follow Sales to customers are 25% cash and 75% on credit Sales in June were $57.000 All credit sales are collected in the month following the sale. The June 30 balance sheet includes balances of $17,000 in cash and $5,100 in loans payoble. A minimum cash balance of $17,000 is required Loans are obtained at the end of any month when the pretiminary cash. balance is below $17,000 Interest is 1% per month bosed on the beginning-of the-month loan balance and is paid at each month-end Any preh month) Problem 20-2A (Algo) Part 2 2. Prepare a cash budget for the months of July. August, and September. (Negative balances and Loan repayment amounts (if any) should be indicated with minus sign. Enter your final answers in whole dollars.)

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