On slide 8, I'm needing help on how the repayment of 11,000 was figured.

Southern New Hampshire University > ACC 311 > ACC311FinalProject2budgets.pptx ACC311FinalProject2budgets.pptx Rate 5 more documents to earn a free unlock . Helpful 7 Unhelpful Is this document missing answers? Get FREE answers and explanations from our Expert Tutors in as fast ti Get Answers as 15 minutesCash Budget Cash Budget July August September Quarter Cash Balance: Beginning 40.000 35,050 35.435 40,000 Add Cash Collections (From Sales Budget) 520.000 693,000 779.500 1,992,500 Total cash Available 560.000 728,050 814.935 2,032,500 Less Cash Disbursements For Inventory (From Purchasing Budget) 280.950 336,125 288,000 905,075 For Operating Expenses (From Selling and Admin Budget) 213.000 253,300 196,750 663.050 For Equipment 200.000 90.000 290,000 For Cash Dividends 50.000 50.000 For Interest (From Previous Month's Borrowing) 2.190 2.080 4.270 Total Cash Disbursements 743.950 881.615 486.830 1.912.395 Excess (Deficiency) of Cash (183.850) 46.435 328.105 120.105 Financing Borrowing 219.000 219,000 Repayment (11.000 (208.000) (219,000) Total Financing 219.000 11.000) (208.000) 0 Cash Balance: Ending 35.050 35,435 120.105 120.105 Quislanding Loan Balance Interest on Bonowing (Due the Following Quarter)