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Rundle Medical had a cash balance of $ 1 4 , 0 0 0 ?on January 1 . ?The company desires to maintain a cash

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Rundle Medical had a cash balance of $14,000 ?on January 1. ?The company desires to maintain a cash balance of $5,000. ?Funds are assumed to be borrowed, in increments of $1,000, ?and repaid on the last day of each month; the interest rate is 1 ?percent per month. Repayments may be made in any amount available. Rundle pays its vendors on the last day of the month also. The company had a monthly $40,000 ?beginning balance in its line of credit liability account from this year's quarterly results.
Required
Prepare a cash budget.
Note: Round intermediate and final answers to the nearest whole dollar amounts. Any repayments/shortage should be indicated with a minus sign.
\table[[Cash Budget,February,March],[Section 1: Cash Receipts,,,10.20,],[Beginning cash balance,$,14,000,$,(133,000),$(247,000)
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