AZTEC COMPANY Cash Budget June and July   June July

Beginning cash balance   $   140,000.00  $                                     47,468.00 Cash receipts from customers   $   515,200.00  $                                   555,840.00 Total available cash   $   655,200.00  $                                   603,308.00 Cash disbursements     Payments on purchases   $   407,352.00  $                                   425,832.00 Selling and administrative expenses   $   162,000.00  $                                   162,000.00 Interest expense*   $          380.00  $                                                 –   Total disbursements   $   569,732.00  $                                   587,832.00 Preliminary cash balance   $     85,468.00  $                                     15,476.00 Additional loan from bank   $                  –    $                                                 –   Repayment of loan to bank   $     38,000.00  $                                                 –   Ending cash balance   $     47,468.00  $                                     15,476.00 Ending loan balance**   $                  –    $                                                 –

calculate ending loan balance in a cash budget?

Looking for a Similar Assignment? Order now and Get 10% Discount! Use Coupon Code "Newclient"