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Zolezzi Incorporated is preparing its cash budget for March. The budgeted beginning cash balance is $ 2 7 , 0 0 0 . Budgeted cash

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Zolezzi Incorporated is preparing its cash budget for March. The budgeted beginning cash balance is $27,000. Budgeted cash receipts total $106,000 and budgeted cash disbursements total $93,000. The desired ending cash balance is $65,000. The company can borrow up to $70,000 at any time from a local bank, with interest not due unil the following month.
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Prepare the company's cash budget for March in good form. Make sure to indicate what borrowing, if any, would be needed to attain the desired ending cash balance.
\table[[Beginning cash balance,],[Add cash receipts,],[Total cash available,],[Less cash disbursements,],[Excess (deficiency) of cash available over disbursements,],[Borrowings,],[Ending cash balance,]
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