You recently began a job as an accounting intern at Mountain Adventures. Your first 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

You recently began a job as an accounting intern at Mountain 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 "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.) Mountain Adventures Combined Cash Budget February and March February $ 16,900 $ 107.000 47,500 $ 98,100 Beginning 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) 25,000 Save omework: Chapter 9 Homework pre: 0 of 2 pts 8 of 10 completo) HW Score: 20%, 4 of 20 ... i More Info Mountain Adventures eliminates any cash deficiency by borrowing the exact amount needed from State Street Bank, where the current interest rate is 6%. Mountain Adventures pays interest on its outstanding debt at the end of each month. The company also replays all borrowed amounts at the end of the month as cash becomes available Print Done Incomplete budget eginning lus: Cas lus: Cas otal cast ass: Cas 258: Cas tal casi 3) Endind linimum Mountain Adventures Cash Budget February and March February March Beginning cash balance $ 16.900 $? Plus: Cash collections 2 79,600 0 2.400 Plus: Cash from sale of plant assets $ 107.000 $2 Total cash available Less: Cash payments (purchase inventory) $?$ 41,000 47,500 2 Less: Cash payments (operating expenses) $ 98,100 $2 Total cash payments (1) Ending cash balance before financing $?$ 27.900 25,000 25.000 Minimum cash balance desired $? Cash excess (deficiency) Financing Plus: New borrowings $2 $2 Loss: Debt repayments ? 2 Less: Interest payments $? $? (2) Total effects of financing $2 $? Ending cash balance (1) (2) ash excl inancing Plus Les $7 Les ? 2) Total 2 Ending ater any part remain Print Done