Lager dental clinic is a medium-sized dental service


Lager Dental Clinic is a medium-sized dental service specializing in family dental care. The clinic is currently preparing the master budget for the first 2 quarters of 2012. All that remains in this process is the cash budget. The following information has been collected from other portions of the master budget and elsewhere.


Beginning cash balance $ 33,930

Required minimum cash balance 28,275

Payment of income taxes (2nd quarter) 4,524

Professional salaries:

1st quarter 158,340

2nd quarter 158,340

Interest from investments (2nd quarter) 5,655

Overhead costs:

1st quarter 84,825

2nd quarter 113,100

Selling and administrative costs, including

$3,393 depreciation:

1st quarter 56,550

2nd quarter 79,170

Purchase of equipment (2nd quarter) 56,550

Sale of equipment (1st quarter) 16,965

Collections from clients:

1st quarter 260,130

2nd quarter 429,780

Interest payments (2nd quarter)

Prepare a cash budget for each of the first two quarters of 2012. (List multiple entries from largest to smallest amounts, e.g. 10, 5, 1 for January. If answer is zero please enter 0, do not leave any fields blank.)



My question is how do you find the borrowings and repayments.


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Cost Accounting: Lager dental clinic is a medium-sized dental service
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