Effective Cash Management for Edge Soccer Programs: A

School: American Military University - Course: ACCT 105 - Subject: Accounting

Edge Soccer Programs Cash Budget For the Two Months Ended Februar January Beginning cash balance $10,500 Cash receipts from customers$0 Collection of note receivable$8,500 Cash available$19,000 Cash payments: Equipment purchases$15,600 Selling and administrative expenses$2,900 Total cash payments$18,500 Ending cash balance before financing$500 Minimum cash balance desired$10,000 Projected cash excess (deficiency)$11,000 Financing: Borrowing Repayment of principal Total effects of financing$0.00 Ending cash balance$11,500

ry 28 FebruaryTotal $11,500 $0$0 $0$8,500 $11,500 $14,800$30,400 $2,900$5,800 $17,700$36,200 -$6,200 $10,000 $15,200 $1,000 $40 $1,040.00$1,040 $10,000