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Use the cash budget to answer the following question- What is the cumulative loan at the end of September? MCGEE CAKE COMPANY Cash Budget August

Use the cash budget to answer the following question-

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What is the cumulative loan at the end of September?

MCGEE CAKE COMPANY Cash Budget August September October (10,140) (2,360) (7,520) Net Receipts Beginning Cash 10,400 EOM Cash B4 Borrow Required Minimum Cash Loan Addition (Reduction) 5,000 5,000 5,000 Ending Cash Cumulative Loan

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