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 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. LOADING...(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 "0" in the appropriate input field. Enter cash deficiencies with a minus sign or parentheses. Enter the net total effects of financing with a minus sign when the amount is a net outflow. Round interest expense to the nearest whole dollar.)

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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 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 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 Complete the following cash budget. (For amounts with a $0 balance, make sure to enter "0" in the appropriate input field. Enter cash deficiencies with a minus sign or parentheses. Enter the net total effects of financing with a minus sign when the amount is a net outflow. Round interest expense to the nearest whole dollar.) Randell Adventures Combined Cash Budget February and March Incomplete budget February 16,800 $ More Info Beginning cash balance Plus: Cash collections 0 Plus: Cash from sale of plant assets March Total cash available $ 107,200 Randell Adventures eliminates any cash deficiency by borrowing the exact amount needed from State Street Bank, where the current interest rate is 6%. Randell 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 $? 79,900 2,200 47,600 Less: Cash payments (purchase inventory) Less: Cash payments operating expenses) Total cash payments (1) Ending cash balance before financing $ 98,500 $ ? Print Done 41,200 Minimum cash balance desired 20,000 Randell Adventures Cash Budget February and March February Beginning cash balance $ 16,800 Plus: Cash collections ? 0 Plus: Cash from sale of plant assets 107,200 Total cash available Less: Cash payments (purchase inventory) $ ? $ 47,600 Less: Cash payments (operating expenses) 98,500 Total cash payments (1) Ending cash balance before financing $ ? $ 20,000 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) Cash excess (deficiency) Financing Plus: New borrowings Less: Debt repayments $? 24.400 20,000 $? Less: Interest payments (2) Total effects of financing $ ? Ending cash balance (1) + (2) ? ? $ ? Enter any number in the edit fields and then click Check Answer. $ ? Help Me Solve This Video Get More Help