Question: QS 2 0 - 2 3 Budgeted Ioan activity LO P 2 Santos Co . is preparing a cash budget for February. The company has

QS 20-23 Budgeted Ioan activity LO P2
Santos Co. is preparing a cash budget for February. The company has $13,000 cash at the
beginning of February and anticipates $69,000 in cash receipts and $103,000 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.)
QS 20-23 Budgeted Ioan activity LO P2 Santos Co. is preparing

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