The following cash budget is for the third quarter of 2011. Solve for the missing numbers on the cash budget, assuming that the accountant has requested a minimum cash balance of $7,000 at the start of each month. All borrowings, repayments, and investments are made in even $1,000 amounts. No borrowings or investments exist at the beginning ofJuly.

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August September Total Beginning cash balance Cash receipts 7,400 16400 20200 Total cash available 41,000 77,800 Cash disbursements 7800 Payments on account Wages expense Overhead costs $11400 12,400 10,000 34,600 26,000 Total disbursements Cash excess (deficiency) Minimum cash balance Cash available (needed) $20,600 $32,600 7000) $ (8800) $ (11,600) Borrowings (repayments) Acquire (sell) investments Receive (pay) interest 4,000 $ (1,000) Ending cash balance $7,380