Answer:
January | February | |
Opening cash balance | 48300 | 58300 |
Receipts: | ||
Collection from customer | 332300 | 378800 |
Collection of notes | 17100 | 0 |
Sales of securities | 0 | 6500 |
Disbursement: | ||
Payment to supplier | 106200 | 145000 |
Salaries | 84500 | 81700 |
Administrative expenses excluding depreciation | 68800 | 72200 |
Selling expenses | 79900 | 87900 |
Dividend | 0 | 12800 |
Borrowed shortage of funds | 14300 | |
Closing balance | 58300 | 44000 |
Note
The February amount of company had to borrow 14300 to Meet the minimum balance requirements of 44000
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