Part 3 of 3 8 01:10:27 Skipped The following trial balance was drawn from the records of
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Part 3 of 3 8 01:10:27 Skipped The following trial balance was drawn from the records of Havel Company as of October 1, year 2. $ 16,000 60,000 40,000 200,000 Cash Accounts receivable Inventory Store equipment Accumulated depreciation Accounts payable Line of credit loan Common stock Retained earnings Totals Cash Budget for October Beginning cash balance Add: Cash receipts Cash available Less: Payments Required c. Indicate whether Havel will need to borrow money during October by preparing October's Cash Budget. Note: Negative amounts should be indicated by a minus sign. Utilities payable For inventory purchases Total budgeted payments Cash surplus (shortage) Will Havel need to borrow money during October? 17, 200 $ 316,000 $ 316,000 $ $ No $ 76,800 72,000 100,000 50,000 16,000 60,000 76,000 0 +,000
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