The following records from Benson Inc. are provided to assist you with preparation of cash summary budgets.
Question:
The following records from Benson Inc. are provided to assist you with preparation of cash summary budgets. Benson requires a minimum cash balance of $7,000 to start each quarter. The following amounts are in thousands of dollars.
Required
Fill in the missing amounts in Benson’s cash summarybudget.
Transcribed Image Text:
Quarter 2 S? 80 S? S? Beginning cash balance Cash collections Total cash available Inventory purchases Operating expenses Equipment purchases Dividends Total disbursements Excess (deficiency) of cash S 10 126 S? 59 43 $ 86 41 $114 S? 30 Financing 21 Borrowings Repayments* S? S? Total Ending cash balance Includes interest. S? S?
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Benson Inc Quarterly Cash Budget 000 omitted 1 2 3 4 Beginning cash balance 10 7 7 7 Cash colle...View the full answer
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