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Morgan's Fine Meats Co

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Morgan's Fine Meats Co. has the following information for the second quarter of 2012:
Morgan's Fine Meats Co. has the following information for the second quarter of 2012:    The minimum cash balance for any month is $10,000. Prepare a cash budget for the second quarter of 2012, showing any excess cash or any financing needed. Any interest on the financing will be deferred until the fiscal year end in December. Assume that any cash in excess of the $10,000 is invested and deducted from the cash account. The minimum cash balance for any month is $10,000.
Prepare a cash budget for the second quarter of 2012, showing any excess cash or any financing needed. Any interest on the financing will be deferred until the fiscal year end in December. Assume that any cash in excess of the $10,000 is invested and deducted from the cash account.


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