Help please !

Hess

Company has

$11,500

in cash on hand on

January

1 and has collected the following budget data:

Assume

Hess

has cash payments for selling and administrative expenses including salaries of

$48,000

plus commissions of

3%

of sales, all paid in the month of sale. The company requires a minimum cash balance of

$11,000.

Prepare a cash budget for

January

and

February.

Will

Hess

need to borrow cash by the end of

February

Hess Company has 511,500 in cash on hand on January 1 and has collected the following budget data Click the icon to view the budget data) Assume Hess has cash payments for selling and administrative expenses including salaries of $18,000 plus commissions of 3% of sales, all paid in the month of sale. The company requires a minimum cash balance of $11,000. Prepare a cash budget for January and February Wa Hess need to borrow cash by the end of February? CARE 1: e Begin by preparing the cash budget for January, then prepare the cash budget for February (Complete all input fields Enter a "0" for any zero balances) Hess Company o1 Cash Budget Two Months Ended January 31 and February 28 January Begioning cash balance Cash receipts in Cash available in Cash payments Purchases of merchandise Inventory Selling and administrative expenses st Total cash payments Ending cash balance before financing Etext pages Calculator Help me solve this Clear all Check answer Hess Company has $11,500 in cash on hand on January 1 and has collected the following budget data: (Click the icon to view the budget data) Assume Hess has cash payments for selling and administrative expenses including salaries of $48,000 plus commissions of 3 February? Begin by preparing the cash budget for January, then prepare the cash budget for February (Complete all input fields. Enter a Hess Company Cash Budget Two Months Ended January 31 and February 28 January Beginning cash balance Cash receipts Cash available Cash payments: Purchases of merchandise inventory Selling and administrative expenses Total cash payments Ending cash balance before financing Minimum cash balance desired Projected cash excess (deficiency) Financing Borrowing Principal repayments Total effects of financing Ending cash balance DOLCE a "0" for any zero balances.) Data table X Sales January 1,370,000 $ 851,650 561,700 February 660.000 871,400 532 278 Cash receipts from customers Cash payments for merchandise inventory Print Done