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Wright Services, Inc., has $8,200 cash on hand on January 1. The company requires a minimum cash balance of $7,400. January cash collections are $548,470.

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Wright Services, Inc., has $8,200 cash on hand on January 1. The company requires a minimum cash balance of $7,400. January cash collections are $548,470. Total cash payments for January are $570,060. Prepare a cash budget for January. How much cash, if any, will Wright need to borrow by the end of January? Complete the cash budget below. (Use parentheses or a minus sign for negative ending cash balances or deficiencies.) Wright Services, Inc. Combined Cash Budget For the Month Ended January 31 Beginning cash balance Plus: Cash collections Total cash available Less: Cash payments TUTTO Ending cash balance before financing Minimum cash balance desired Cash excess (deficiency)

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