DSLASLON Nu course 31 My Subscriptions Noah Scott O5No complete | | | 3 P Question Prepare Cash Budget for 3 Months Windsor Corporation expects the foliowing cash receipts and disbursements during the first quarter of 2019 receipts exclude new borrowings and disbursements exclude interest payments on borrowings since January 1, 2019 January February March Cash recipe 1.430.000 $40.000 500.000 Cash dubursements 390.000 520.000 420.000 soddns The expected cash balance at January 1, 2019, is $75,000. Windsor wants to maintain a cash balance at the end of each month of at least 560,000. Short-term borrowings at 1% interest per month will be used to accomplish this, if necessary. Borrowings in multiples of $1,000) will be made at the beginning of the month in which they are needed, with interest for that month paidat the end of the month. Prepare a cash budget for the quarter ended March 31, 2019. Windsor Corporation Cash Budget for the Quarter Ended March 31, 2019 January February March Beginning cash balance $ Cash reces Short-term borrowings Cash table Cash disbursements 5 Interest payment Total cash disbursements Erding cash balance $ 5 1 9 5 5 5 Check Previous 12 Save Answers Next