You recently began a job as an accounting am Randell Adventures. Your first task was to help prepare the cash budget for February March Unfortunately the computer with the budgettershed and have become even a hard copy. You on a program to salvage bits of data from the budget file. After entering the following data in the budget, you may have enough information to reconstruct the budget Click the loon to view information on borrowing cash) Requirements Complete the following cash budget. For amounts with a balance, make sure to one appropriate cele cash deficiencies with a minus nor parentheses. Enter the nel l ects of financing with a minus when the mortisanoutlow. Founder s to the nearest whole day Randall Adventures Combined Cash Budget February March Bengah bence Phan Cash collections Plus Cash from west then Checker 1 You recently began a job as an accounting intern at Randell Adventures. Your first task was to help prepare the cash budget for February and March. Unfortunately, the compute. even a hard copy. You ran a program to salvage bits of data from the budget file. After entering the following data in the budget, you may have just enough information to reconstr (Click the icon to view information on borrowing cash) Requirements Complete the following cash budget. (For amounts with a $0 balance, make sure to enter "o in the appropriate cel Enter cash deficiencies with a minus sign or parentheses. Ente amount is a net outflow. Round interest expense to the nearest whole dollar.) February 16,500 106.800 47.700 Beginning cash balance Plus: Cash collections Plus: Cash from sale of plant assets Total cash available Less: Cash payments (purchase inventory) Less: Cash payments (operating expenses) Total cash payments (1) Ending cash balance before financing Minimum cash balance desired Cash excess (deficiency) Financing Plus: New borrowing Less: Debt repayments Lessinerest payments (2) Total effects of financing Ending cash balance (1) + (2) Enter any number in the edit fields and then click Check Answer CA 1 part 1 remaining th a $0 balance, make sure to enter "O" in the appropriate cell. Enter cash deficiencies with a minus sign or parentheses me nearest whole dollar.) February 16,500 More Info Randell Adventures eliminates any cash deficiency by borrowing the exact amount needed from State Street Bank, where the current interest rate is 7%. Randel Adventures pays interest on its outstanding debt at the end of each month. The company also repays all borrowed amounts at the end of the month as cash becomes available. Print Done ds and then click Check Answer Clear All O Incomplete budget en at Randell Adventures. e bits of data from the budg owing cash.) puter with construct th ounts with a $0 balance, mald mse to the nearest whole dolla Cash Budget February and March es. Enter the February February March 16,500 Beginning cash balance Plus: Cash collections $? 2 80,200 1,800 Plus: Cash from sale of plant assets 0 106,600 106,600 $? ary) ses) Total cash available Less: Cash payments (purchase inventory) 41,000 47,700 $?$ 47,700 97.800 97,800 S2 $?$ 24,000 27,000 24.000 24,000 Less: Cash payments (operating expenses) Total cash payments (1) Ending cash balance before financing Minimum cash balance desired Cash excess (deficiency) Financing: Plus: New borrowings Less: Debt repayments Less Interest payments (2) Total effects of financing Ending cash balance (1) +(2) Tields and then click Check Answer Print Done