CASH BUDGET
Eddie’s Bar and Restaurant Supplies expects its cash receipts and cash payments for the part of the year to be
Receipts | Payments | |
March | 19,280 | 19,100 |
April | 22,280 | 22,400 |
May | 22,480 | 14,700 |
Eddie’s had a cash balance of $2,000 on March 1, which is also its minimum required cash balance. The company invests any cash in excess of $3,000 into marketable securities. Marketable securities are sold before funds are borrowed when a cash shortage occurs.
There is an outstanding loan of $2,000 on March 1. The opening balance of the Marketable Securities on Mar 1 was $0
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