Esercise $20-17($Algo$)$ Preparation of cash budgets $($for three periods$)$ LO P$2$

$423$

prots

$4$howe.

Kayak Company budgeted the following cash aecelpts $($eacluding cagh recelpos from loann necelvecf$)$ and canh poymeria $($excluding eath paymenta for loan princigal and interent paymenta$]$ for the fint theee monthi of neal yese.

Kavak requares a minimum cash halance of $$30000$ at each monch$-$end Lows thipen $59$ meve mis nequirement charge ths$,$ inserest per morth, paid at each mortberd. The inberets is compubed based on me begirnisg bulance of the loan for the month. Aty prellainaty canh bolance above $$70,000$ in used to repary loars at morth$-$end. The compary has a cavh balance of $$70,000$ and a loan balance of $\frac{5}{0\mathrm{.}000}$ at Janyary $1.$

Note: Kergative balances and Lean repapmert amoumts pf anpl shewid be indicaled with minus sign.

$12$

Exercise $20-17($Algo$)$ Preparation of cash budgets $($for three periods$)$ LO P$2$

$74\mathrm{.}25$

$q,$

atbon n thenow

Kayak Comparyy budgeted the following canh receipts fescluding cash receipts foes ioans received$)$ and cash paymenta $($excluding cash payments for loas pericipal and inoevest paymental for the fros thee months of next yede.

$\backslash$table$[[,$Cans,Relelyts,Cavs,peytesti$],[3$ewary,$1,524,060,5,66,350],[$Itaruary$,,418,70\mathrm{.}0,,352,170],[$Na$/$cis$,,431,4*4,,515,4**]]$ month. paid at each month end. The interect is computed based on the beginning balasce of the loan lor the movel. Avy prellminary $500,000$ at Jatuary $1.$

frepare monthly eanh budgets for Jan ang. February, and Murch.

Note: Nepative halances and tean repariment amounts $($ff aipl should be indicabed with mivat wign.

$\backslash$table$[[*$AvEKCOEMAN$],[$Cawh Butyet$],[,$Jowny,Patruay,Wurh$],[$Repreiry enh baver,$1,30\mathrm{.}000,8,30,$ axe,$],[$Mae Cum woint,,Sth so$0,,409$ mog,$44000$