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The accountant for Erica's Dress Shop prepared the following cash budget. Erica's desires to maintain a cash cushion of $20, 000 at the end of
The accountant for Erica's Dress Shop prepared the following cash budget. Erica's desires to maintain a cash cushion of $20, 000 at the end of each month. Funds are assumed to be borrowed and repaid on the last day of each month. Interest is charged at the rate of 2 percent per month. Required Complete the cash budget by filling in the missing amounts. (Any repayments should be indicated with a minus sign. Round your answers to the nearest whole dollar amount.)
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