Deedre Manufacturing has a cash balance of $8,000 on August 1 of the current year. The company's controller forecast the following cash receipts and cash disbursements:

Cash Receipts Cash Payments

August $45,000 $57,000

September $66,000 $67,000
October $70,000 $56,000

Management desires a minimum balance of $8,000 at all times. If necessary, additional financing can be obtained at a 12% interest rate. Interest is paid at the time of repaying loan principal. Borrowing is done at the beginning of the month & repayment at the end.

Use the format below to create a cash balance. Denote if positive or negative.

August September October

Beginning Cash balance

Add: Cash Receipts

Subtotal

Less: Cash payments

Cash balance before fin/repay

Financing:

Borrowing to maintain min.

Principal repayment

Interest payment

Ending Cash balance

What is the August Cash balance before financing/repayment?

What is the net financing for August. (Borrowing would be a positive number, repayment a negative.)

What is the ending Cash balance for August? Denote if positive or negative.

What is the beginning cash balance for September? Denote if positive or negative.

What is the net financing for September? (borrowing would be a positive number, repayment a negative.)

What was the beginning balance for October? Denote if positive or negative.

What is the cash balance before financing/repayment for October? Denote if positive or negative.

What is the net financing for October? (Borrowing would be a positive number, repayment an negative.)

What is the ending cash balance for October? Denote as positive or negative.