Exercise $20-21($Algo$)$ Cash budget LO P$2$

Foyert Corporation requires a minimum $$7,800$ cash balance. Loans taken to meet this requirement cost $1\%$ interest per month $($paid at the end of each month$).$ Any preliminary cash balance above $$7,800$ is used to repay loans at month$-$end. The cash balance on October $1$ is $$7,800,$ and the company has an outstanding loan of $$3,800.$ Budgeted cash receipts $($other than for loans received$)$ and budgeted cash payments $($other than for loan or interest payments$)$ follow.

$\backslash$table$[[,$October,November,December$],[$Cash receipts,$$23,800,$$$17,800,$$$21,800$