S22-17 (similar to) Qution Help Jess Company is $11.000 in cash on and on January 1 and his collected the loluwing budget als: (Click the icon to view the budget cala. Assume Joss has cash payments for selling and administrative expenses incudine salades of $34.000 plus commissions of 2% of sales, all paid in the month of salc. The company requires a minimum cash balance of $10,000. Prepare a cash budget for January and February. W oss need to borrow cash by the end of February? Begin by preparing the scan budget for January, then prepare the cash budget for February. Complcte al input fields. Entor or for any zera balances Jess Company Cash Budget Two Months Ended January 31 and February 28 January i Data Table February Beginning cash balance Cash recals Cash available Cayman Purchases of merchandise hvatory Selling and administrative expenses Total cash payments Ending cash balance before ng Minimum chance desired Projected cash excess (doceny! Financing Borrowing Principalements Total efects of fnancing $ January 1,350,000 $ 801,050 501,003 690,000 U71.800 Sales Cash receipts from customers Cash payment for marchandise inventory 532,340 Print Dune Ending cash balance Enter any number in the edit fields and then click Check Answer. 2 parts rcmaning Ceer Al Check Anwar S22-17 (similar to) Qution Help Jess Company is $11.000 in cash on and on January 1 and his collected the loluwing budget als: (Click the icon to view the budget cala. Assume Joss has cash payments for selling and administrative expenses incudine salades of $34.000 plus commissions of 2% of sales, all paid in the month of salc. The company requires a minimum cash balance of $10,000. Prepare a cash budget for January and February. W oss need to borrow cash by the end of February? Begin by preparing the scan budget for January, then prepare the cash budget for February. Complcte al input fields. Entor or for any zera balances Jess Company Cash Budget Two Months Ended January 31 and February 28 January i Data Table February Beginning cash balance Cash recals Cash available Cayman Purchases of merchandise hvatory Selling and administrative expenses Total cash payments Ending cash balance before ng Minimum chance desired Projected cash excess (doceny! Financing Borrowing Principalements Total efects of fnancing $ January 1,350,000 $ 801,050 501,003 690,000 U71.800 Sales Cash receipts from customers Cash payment for marchandise inventory 532,340 Print Dune Ending cash balance Enter any number in the edit fields and then click Check Answer. 2 parts rcmaning Ceer Al Check Anwar