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Any excess cash is used to repay loans at month-end. The cash balance on July...

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Accounting

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Any excess cash is used to repay loans at month-end. The cash balance on July 1 is $9,100, and the company has no outstanding loans, Forecasted cash receipts (other than for loans received and forecasted cash payments (other than for loan or interest payments) follow Cash receipts Cash payments July $24,700 29,050 August $32,700 30,700 September $ 40,700 32,700 Prepare a cash budget for July, August, and September. (Negotive balonces and Loan repayment amounts (if any) should be Indicated with minus sign. Round your final answers to the nearest whole dollar) KARIM CORP. Cash Budget For July August, and September July August $ 9.100 September Beginning cash balance Total cash walable Preliminary cash balance Indian KARIM CORP. Cash Budget For July, August, and September July August $ 9,100 September Beginning cash balance $ Total cash available Preliminary cash balance Ending cash balance Loan balance $ Loan balance - Beginning of month Additional loan (loan repayment) Loan balance - End of month

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