You are doing the internal cash budgeting for T.Brady Spas, a company which specializes in pedicures for athletes.

T.Brady is required by their bank to have a minimum of $10,000in their account at all time. On June 30th, their cash balance was $11,000and there was no short term loan payable. The company has a line of credit they can draw on if needed at an annual rate of 8%. Interest is due the month after the loan is incurred.

Supply purchases, wages, and fixed costs total $17,000 for July and $13,000 for August. Included in these amounts is $1,000 per month for amortization expense.

Complete the cash payments schedule and cash budget for July and August:

Round to nearest whole number (e.g. 1,355)

Cash Payments	July	August
Supplies, wages, fixed cost payments	$Answer	$Answer
Loan interest	Answer	Answer
Total Cash Payments:	$Answer	$Answer

Cash Budget	July	August
Cash Receipts	$11,000	$19,000
Cash Payments	Answer	Answer
Net Cash Flow, enter negative as "-"	Answer	Answer
Beginning Cash	Answer	Answer
Subtotal	Answer	Answer
Bank Loan, enter repayment as "-"	Answer	Answer
Ending Cash	$Answer	$Answer
Short term Loan balance	$Answer	$Answer