Answer:
Answer is given below.
Explanation:
CASH BUDGET JAN FEB MARCH
Beginning Balance 30,000 30,000 86,781
Add: Receipt
Cash Collections-as computed above 525,000 403,000 480,000
Total Cash available 555,000 433,000 566,781
Payments:
Cash disbursement-as computed above 466,300 344,300 523,000
Total Payments made 466,300 344,300 523,000
Net Balance 88,700 88,700 43,781
Add: Borrowings
Less: Repayment of principal -58,100 -1,900 0
Less: Repayment of Interest -600 -19 0
Ending Balance of cash 30,000 86,781 43,781
Loan balance:
Beginning balance 60000 1,900 0
Add: Borrowings
Less: Repayments -58100 -1900 0
Ending balance of loan 1900 0 0
