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The controller of Trenshaw Company wants to improve the compan/s control system by preparinga month-by-month...

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Accounting

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The controller of Trenshaw Company wants to improve the compan/s control system by preparinga month-by-month cash budget: The following information is for the monthending July 31,2020. -OMidends are papable 30 days after dectaration to shareholders of record on the decharatlon date. Trenshaw Company wants to lesep a minimum cash balance of $28,500. (a) Prepare a cash budset for tha month ended July 32,2020, and Indicate how much monew, if any, Trenshaw Company will need to borrow to mect tis minimum cash requirement. Prepare a cash budget for the monthended July 31, 2020, and indicate how much money, if any, Trenshaw Company will need to borrow to meet its minimum cash requirement

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