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Santos Company is preparing a cash budget for February. The company has $18,000 cash at...

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Accounting

Santos Company is preparing a cash budget for February. The company has $18,000 cash at the beginning of February and budgets $69,000 in cash receipts from sales and $119,000 in cash payments during February. Prepare the cash budget for February assuming the company maintains a $5,000 minimum cash balance and will take a loan if necessary to maintain this balance. The company has no loans outstanding on February 1.
Note: Negative cash balances, if any, should be indicated with minus sign.
\table[[SANTOS COMPANY],[Cash Budget],[Beginning cash balance,February],[,],[Total cash available,],[,],[Preliminary cash balance,],[Loan activity,],[,],[Ending cash balance,]]
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