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Santos Co

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Santos Co. is preparing a cash budget for February. The company has $18,000 cash at the beginning of February and anticipates $70,000 in cash receipts and $108,000 in cash disbursements during February. What amount, if any, must the company borrow during February to maintain a $6,000 cash balance? The company has no loans outstanding on February 1. (Negative cash balances, if any, should be indicated with minus sign.) SANTOS CO. Cash Budget For Month Ended February 28 Beginning cash balance Total cash available Preliminary cash balance Ending cash balance $ 6,000