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Wright Services, Inc., has $8,000 cash on hand on March 1. The company requires a minimum cash balance of $7,100. March cash collections are $548,370.

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Wright Services, Inc., has $8,000 cash on hand on March 1. The company requires a minimum cash balance of $7,100. March cash collections are $548,370. Total cash payments for March are $578,770. Prepare a cash budget for March. How much cash, if any, will Wright need to borrow by the end of March? Wright Services, Inc. Combined Cash Budget For the Month Ended March 31 Beginning cash balance Plus: Cash collections Total cash available Less: Cash payments Ending cash balance before financing Minimum cash balance desired Cash excess (deficiency)

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