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Rogers Services, Inc., has $8,400 cash on hand on July 1. The company requires a minimum cash balance of $7,100. July cash collections are $548,360.

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Rogers Services, Inc., has $8,400 cash on hand on July 1. The company requires a minimum cash balance of $7,100. July cash collections are $548,360. Total cash payments for July are $576,510. Prepare a cash budget for July. How much cash, if any, will Rogers need to borrow by the end of July? Complete the cash budget below. (Use parentheses or a minus sign for negative ending cash balances or deficiencies.) Rogers Services, Inc. Combined Cash Budget For the Month Ended July 31 Beginning cash balance Plus: Cash collections Total cash available Less: Cash payments Ending cash balance before financing Minimum cash balance desired Cash excess (deficiency) By the end of July, Rogers $

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