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S Beginning cash balance Cash receipts Cash available Cash payments All expenses except interest Interest expense Total cash payments Ending cash balance before fiZnancing Minimum cash balance desired me solve this Hudak Company requires a minimum cash balance of $3,400_ When the company expects a cash deficiency; it borrows the exact amount required on the first of the month Expected excess cash is used to repay any amounts owed. Interest owed from the previous month's principal balance is paid on the first of the month at 8% per year. The company has already completed the budgeting process for the first quarter for cash receipts and cash payments for all expenses except interest (Click the icon to view the completed budget information.) Hudak does not have any outstanding debt on January Complete the cash budget for the first quarter for Hudak Com an Round interest ex ense to the nearest whole dollar. Etext Daaes Begin by preparing the cash budget for January; then prepare the cash budget for February and March. Finally, pr cash budget to the nearest whole dollar. Enter a cash deficiency and/or negative effects of financing with a minus Hudak Company Cash Budget For the Three Months Ended March 31 January S 3,400 22,500 25,900 34000 0 34000 (3,400) Data table Beginning cash balance Cash receipts Cash available Cash payments All expenses except interest Interest expense Total cash payments Ending cash balance before fiZnancing Minimum cash balance desired Projected cash excess (defiZciency) Financing: Borrowing Principal repayments Total effects of Zfinancing Endin cash balance January 3,400 22,500 25,900 34,000 34,000 (3,400) February 277500 357000 (3400) March 43,000 39,000 (3,400) Total 93;ooo 108;ooo (3,400) Get more helD