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Roland Services, Inc., has $8,400 cash on hand on August 1. The company requires a minimum cash balance of $7,800. August cash collections are $548,460.

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Roland Services, Inc., has $8,400 cash on hand on August 1. The company requires a minimum cash balance of $7,800. August cash collections are $548,460. Total cash payments for August are $569,460. Prepare a cash budget for August. How much cash, if any, will Roland need to borrow by the end of August? Complete the cash budget below. (Use parentheses or a minus sign for negative ending cash balances or deficiencies.) Roland Services, Inc. Combined Cash Budget For the Month Ended August 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)

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