Question: Roland Services, Inc., has $ 8 , 4 0 0 cash on hand on October 1 . The company requires a minimum cash balance of

Roland Services, Inc., has $8,400 cash on hand on October 1. The company requires a minimum cash balance of $7,100. October cash collections are $548,390. Total cash payments for October are $572,050. Prepare a cash budget for October. How much cash, if any, will Roland need to borrow by the end of October?
Complete the cash budget below. (Use parentheses or a minus sign for negative ending cash balances or deficiencies.)
Roland Services, Inc.
Combined Cash Budget
For the Month Ended October 31
Beginning cash balance
Plus: Cash collections
Total cash available
Less: Cash payments
Ending cash balance before financing
\table[[-12200]]
Plus: New borrowings
Ending cash balance
 Roland Services, Inc., has $8,400 cash on hand on October 1.

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