Young Services, Inc., has $8,600 cash on hand on December 1. The company requires a minimum cash balance of $7,400. December cash collections are $548,520. Total cash payments for December are $564,890. Prepare a cash budget for December. How much cash, if any, will Young need to borrow by the end of December? Complete the cash budget below. (Use parentheses or a minus sign for negative ending cash balances or deficiencies.) Young Services, Inc. Combined Cash Budget For the Month Ended December 31 Beginning cash balance Plus: Cash collections Total cash available Less: Cash payments Ending cash balance before financing Minimum cash balance desired Cash excess (deficiency) Enter any number in the edit fields and then click Check Answer. Get More Help - Clear All Check