Anderson Health Center provides a variety of medical services. The company is pr
ID: 2518554 • Letter: A
Question
Anderson Health Center provides a variety of medical services. The company is preparing its cash budget for the upcoming third quarter. The following transactions are expected to occur: (Click the icon to view the expected transactions.) Requirement Prepare a combined cash budget for Anderson Health Center for the third quarter, with a column for each month and for the quarter total. (If a box is not used in the table leave the box empty; do not enter a zero. Use parentheses or a minus sign for negative ending cash balances.) Anderson Heaitn Center Combined Cash Budget For the Months of July through September July August September Quarter Beginning balance of cash Plus: Cash collections Total cash available Less: Cash payments Ending cash balance before financin Financing Plus: New borrowing:s Less: Debt repayments Less: Interest payments Ending cash balanc Enter any number in the edit fields and then continue to the next question.Explanation / Answer
July August September Quarter Begining Balance of Cash 36000 25000 30900 36000 Plus:Cash Collections 97000 152000 125000 374000 Total Cash Available 133000 177000 155900 410000 Less Cash Payment 148000 106000 130000 384000 Ending Cash Balance Before Financing -15000 71000 25900 26000 Financing Plus:New Borrowings 40000 0 40000 Less:Debt Repayment -40000 0 -40000 Less:Interest Payments -100 0 -100 Ending Cash Balance 25000 30900 25900 25900