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the balance in the following month. of $15,000 is expected to be declared in July and paid in August. Management desires to maintain a minimum

image text in transcribedimage text in transcribed the balance in the following month. of $15,000 is expected to be declared in July and paid in August. Management desires to maintain a minimum cash balance of $40,000. 1. Prepare a monthly cash budget and supporting schedules for June, July, and August Mercury Shoes Inc

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