Question: The following cash budget is for the third quarter of

The following cash budget is for the third quarter of 2014. Solve for the missing numbers on the cash budget, assuming that the accountant has requested a minimum cash balance of $ 7,000 at the start of each month. All borrowings, repayments, and investments are made in even $ 1,000 amounts. No borrowings or investments exist at the beginning ofJuly.


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  • CreatedJune 03, 2014
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