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 . (Click the icon to view information on borrowing cash.) Requirements Complete the following cash burne (For amounts with a $0 balance, make sure to enter "o" 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) HERE Randell Adventures Combined Cash Budget February and March March 21,000 $ Beginning cash balance Plus: Cash collections February 16,200 $ 90.200 0 80,100 2.300 Plus: Cash from sale of plant assets Total cash available $ 106,400 S 103,400 S S 50,200 $ 47.100 41,100 36,300 Less: Cash payments (purchase inventory) Less: Cash payments (operating expenses) Total cash payments (1) Ending cash balance before financing $ 97,300 $ 77.400 $ 9,100 $ 21,000 26,000 21,000 Minimum cash balance desired (11,900) $ 5,000 Cash excess (deficiency) Enter any number in the edit fields and then click Check Answer Clear All Get More Help Help Me Solve This Final Check Video You recently began a job as an accounting intem 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 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 input field. Enter cash deficiencies with a the amount is a net outflow. Round interest expense to the nearest whole dollar. Incomplete budget Plus Casn from sale or piant assets Total cash available $ 106,400 $ 103,400 Randell Adventures Less: Cash payments (purchase inventory) S 50,200 $ 41,100 Cash Budget Less: Cash payments (operating expenses) 47.100 36,300 February and March Total cash payments S 97,300 $ 77,400 February March (1) Ending cash balance before financing $ 9.100 S 26,000 Beginning cash balance S 16,200 $? Minimum cash balance desired 21,000 21,000 Plus: Cash collections 7. 80,100 $ (11.900) $ 5,000 0 Cash excess (deficiency) 2,300 Plus: Cash from sale of plant assets Financing $ 106.400 $? Total cash available Plus: New borrowings $ 11,900 $ 0 Less: Cash payments (purchase Inventory) $2$ 41,100 Lesa: Debt repayments 0 47.100 ? Less: Cash payments (operating expenses) Less: Interest payments 0 S 97,300 $2 Total cash payments $ 15,000) (2) Total effects of financing (1) Ending cash balance before financing $? S 26.000 S 21,000 $ 21,000 21,000 21,000 Ending cash balance (1) + (2) Minimum cash balance desired $2 $ Cash excess (deficiency) Enter any number in the edit fields and then click More Info Financing 11,900 $ Help Me Solve This Video Get M Randell Adventures eliminates any cash deficiency by borrowing the exact amount nooded 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 Print Done Done