You recently began a job as an accounting intern at Reilly Adventures. Your first task was to help prepare the cash budget for February and March. Unfortunately, the computer with the budget $ February 16,800 90.600 March 20000 80,100 2.100 0 107,400 102200 41.200 50.700$ 47.600 More info Begioning 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 borrowings Less Debt repayments Less: Interest payments (2) Total effects of financing Ending cash balance (1)+(2) 98,300 9.100 20.000 22.800 20.000 Reily Adventures eliminates any cash deficiency by borrowing the exact amount needed from State Street Bank, where the current interest rate is 8%. Reilly Adventures pays Interest on its outstanding d at the end of each month. The company also repays all borrowed amounts at the end of the month as becomes available. (10.900) 10.000 0 Print Done 0 10.000 20.000 Help me solve this Video Get more help Clear all Check