You recently began a job as an accounting intern at Regis Golf Park. Your first task was to help prepare the cash budget for April and May. Unfortunately, the computer with the budget file crashed, and you did not have a backup or even a paper 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 the cash budget.) Regis Golf Park eliminates any cash deficiency by borrowing the exact amount needed from First Street Bank, where the current interest rate is 7% per year. Regis Golf Park first pays interest on its outstanding debt at the end of each month. The company then repays all borrowed amounts at the end of the month with any excess cash above the minimum required but after paying monthly interest expenses. Regis does not have any outstanding debt on April 1. Complete the cash budget. Round interest expense to the nearest whole dollar. (Complete all input fields. Enter a "0" for zero balances. 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.) Regis Golf Park Cash Budget Two Months Ended May 31 April Beginning cash balance $ 18,000 Cash receipts 0 Cash from sale of plant assets Cash available 108,300 Cash payments: Purchase of inventory Selling and administrative expenses 46,800 Interest expense Total cash payments 97,100 Ending cash balance before financing Minimum cash balance desired (25,000) Enter any number in the edit fields and then click Check Answer. You recently began a job as an accounting intern at Regis Golf Park. Your first task was to Regis Golf Park eliminates any cash deficiency by borrowing the exact amount needed help prepare the cash budget for April and May. Unfortunately, the computer with the budget from First Street Bank, where the current interest rate is 7% per year. Regis Golf Park first file crashed, and you did not have a backup or even a paper copy. You ran a program to pays interest on its outstanding debt at the end of each month. The company then repays salvage bits of data from the budget file. After entering the following data in the budget, you all borrowed amounts at the end of the month with any excess cash above the minimum may have just enough information to reconstruct the budget. required but after paying monthly interest expenses. Regis does not have any outstanding Click the icon to view the cash budget.) debt on April 1. Complete the cash budget. Round interest expense to the nearest whole dollar, CE Beginning cash balance $ 18,000 Cash receipts Cash from sale of plant assets 0 Cash available 108,300 46,800 Cash payments: Purchase of inventory Selling and administrative expenses Interest expense Total cash payments Ending cash balance before financing Minimum cash balance desired 97,100 (25,000) Cash excess (deficiency) Financing: Borrowing Principal repayments Total effects of financing Ending cash balance ntor nu num dit field and then click Ancor Data lable You recently began a job as an accounting help prepare the cash budget for April and file crashed, and you did not have a backup salvage bits of data from the budget file. Af may have just enough information to recon (Click the icon to view the cash budget by borrowing the exact amount needed strate is 7% per year. Regis Golf Park first bf each month. The company then repays ith any excess cash above the minimum ses. Regis does not have any outstanding Regis Golf Park Cash Budget Two Months Ended May 31 April nse to the nearest whole dollar. Beginning cash balance May Cash receipts $ 18,000 $ ? Beginning cash balance Cash receipts Cash from sale of plant assets 7. 79,900 2,200 0 Cash available Cash from sale of plant assets Cash available Cash payments: 108,300 Cash payments: Purchase of inventory Selling and administrative expenses ? Purchase of inventory 2 45,000 7 Selling and administrative expenses 46,800 Interest expense Total cash payments Ending cash balance before financing 2 Interest expense 97.100 7 Total cash payments Ending cash balance before financing Minimum cash balance desired ? 27,200 (25,000) Minimum cash balance desired (25,000) Cash excess (deficiency) Financing: Borrowir ? ? Cash excess (deficiency) Financing Borrowing Principal repayments ? ? Total effects of financing Ending cash balance Print Done Enter any number in the edit fields and th