Requirements
	1.	Prepare Daniels Consultings cash budget for January and February 2013.
	2.	How much cash will Daniels borrow in February if cash receipts from customers that month total $30,000 instead of $55,000?
		NOTE: Some cells that need to be completed have not been shaded green. You will have to work a little harder to determine what needs completed.
Solution:
	Requirement 1
	DANIELS CONSULTING, INC.
	Cash Budget
	For the Two Months Ended February 28, 2018
						January	February	Total
	Beginning Cash Balance
	Requirement 2
								February Revised
	Put narrative answer below
	Assume Daniels Consulting began January with $12,000 cash. Management forecasts that cash receipts from credit customers will be $52,000 in January and $55,000 in February. Projected cash payments include equipment purchases ($16,000 each month). Daniels's bank requires a $23,000 minimum balance in the firm's checking account. At the end of any month when the account balance falls below $23,000, the bank automatically extends credit to the firm in multiples of $5,000. Daniels borrows as little as possible and pays back loans each month in $1,000 increments, plus 12% interest on the entire unpaid principal. The first payment occurs one month after the loan.