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Zolezzi incorporated is preparing its cash budget for March. The budgeted beginning cash balance is $24,000. Budgeted cash receipts total $103,000 and budgeted cash disbursements
Zolezzi incorporated is preparing its cash budget for March. The budgeted beginning cash balance is $24,000. Budgeted cash receipts total $103,000 and budgeted cash disbursements total $96,000 The desired ending cash balance is $80,000. The company can borrow up to $100,000 at any time from a local bank, with interest not due until the following month Required: 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 0 Beginning cash balance Add cash receipts Total cash available Less cash disbursements Excess (deficiency) of cash available over disbursements Borrowings Ending cash balance 0 $ 0
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