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Use the following information to prepare a cash budget for the McGee Cake Company. What is the cumulative loan at the end of September? MCGEE

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Use the following information to prepare a cash budget for the McGee Cake Company. What is the cumulative loan at the end of September? MCGEE CAKE COMPANY Cash Budget August September October Net Receipts (11.250) (2,580) (7.620) Beginning Cash 10.800 EOM Cash B4 Borrow Required Minimum Cash 5.000 5.000 5.000 Loan Addition (Reduction) Ending Cash Cumulative Loan $7.100 $8,030 $7,540 O $7,775 O $7,075

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