Question: Please answer this correctly!!, I will answer if so. QS 20-23 Budgeted loan activity LO P2 Santos Co. is preparing a cash budget for February.

Please answer this correctly!!, I will answer if so.

Please answer this correctly!!, I will answer if so. QS 20-23 Budgeted

QS 20-23 Budgeted loan activity LO P2 Santos Co. is preparing a cash budget for February. The company has $19,000 cash at the beginning of February and anticipates $70,000 in cash receipts and $120,000 in cash disbursements during February. What amount, if any, must the company borrow during February to maintain a $6,000 cash balance? The company has no loans outstanding on February 1 . (Negative cash balances, if any, should be indicated with minus sign.)

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