calculate ending loan balance in a cash budget
AZTEC COMPANY Cash Budget June and July June July
Beginning cash balance $ 140,000.00 $ 47,468.00 Cash receipts from customers $ 515,200.00 $ 555,840.00 Total available cash $ 655,200.00 $ 603,308.00 Cash disbursements Payments on purchases $ 407,352.00 $ 425,832.00 Selling and administrative expenses $ 162,000.00 $ 162,000.00 Interest expense* $ 380.00 $ – Total disbursements $ 569,732.00 $ 587,832.00 Preliminary cash balance $ 85,468.00 $ 15,476.00 Additional loan from bank $ – $ – Repayment of loan to bank $ 38,000.00 $ – Ending cash balance $ 47,468.00 $ 15,476.00 Ending loan balance** $ – $ –
calculate ending loan balance in a cash budget?
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