You recently began a job as an accounting intem at Raymond Adventures. Your first task was to help prepare the cash budget for February and March. Unfortunately, the computer with the budget file crashed, and you did not have a backup or 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 reconstruct the budget. (Click the icon to view Information on borrowing cash.) Requirements 1. Complete the following cash budget. (For amounts with a zero balance, make sure to enter "0" in the appropriate cell. Enter cash deficiencies with a minus sign or parentheses. Enter the net total effects of financing with a minus sign or parentheses when the amount is a net outflow. Round the interest expense to the nearest whole dollar.) Raymond Adventures Ltd Cash Budget February and March X !! More info Raymond Adventures eliminates any cash deficiency by borrowing the exact amount needed from Caisse Populaire, where the current interest rate is 3%. Raymond 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. Beginning cash balance Cash collections Cash from sale of plant assets Cash avallable Cash payments: Purchases of inventory Print Done Operating expenses Total payments (1) Ending cash balance before financing Minimum cash balance desired 24,100 20,000 20,000 Cash excess (deficiency) Financing of cash deficiency: Borrowing (at end of month) Principal repayments (at und of month) Internet AREN Next You recently began a job as an accounting intern at Raymond Adventures. Your first task was to help prepare the cash budget for February and March. Unfortunately, the computer with the budget file crashed, and you did not have a backup or 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 reconstruct the budget. Click the icon to view information on borrowing cash.) Requirements 1. Complete the following cash budget. (For amounts with a zero balance, make sure to enter "" in the appropriate cell. Enter cash deficiencies with a minus sign or parentheses. Enter the net total effects of financing with a minus sign or parentheses when the amount is a net outflow. Round the Interest expense to the nearest whole dollar.) . ) Raymond Adventures Ltd Cash Budget February and March February March S 16.900 79,900 2,400 0 107,400 $ 41,700 47.700 Beginning cash balance Cash collections Cash from sale of plant assets Cash available Cash payments: Purchases of inventory Operating expenses Total payments (1) Ending cash balance before financing Minimum cash balance desired Cash excess (deficiency) Financing of cash deficiency: Borrowing (at end of month) Principal repayments (at end of month) 98,000 20,000 24,100 20,000 lalunrei Next You recently began a job as an accounting intern at Raymond Adventures. Your first task was to help prepare the cash budget for February and March. Unfortunately, the computer with the budget file crashed, and you did not have a backup or 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 reconstruct the budget. Click the icon to view Information on borrowing cash.) Requirements 1. Complete the following cash budget Cash Budget February and March March February 16,900 S Beginning cash balance Cash collections 79,900 2,400 Cash from sale of plant assets 107,400 $ 41,700 Cash available Cash payments: Purchases of Inventory Operating expenses Total payments (1) Ending cash balance before financing 47,700 98.000 24,100 20,000 Minimum cash balance desired 20,000 Cash exce55 (deficiency) Financing of cash deficiency: Borrowing (at end of month) Principal repayments (at end of month) Interest expense (2) Total effects of financing Ending cash balance (1) + (2) Next