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HRPD 703 Mid-term Section 001 20 points 02:01:55 eBook 1 The controller of Arrowroot Company wishes to improve the company's control system by preparing a monthly cash budget. The following information relates to the month ending July 31, 2021: Mc Graw Hill June 30, 2021, cash balance Dividends were declared on June 15 Cash expenditures to be paid in July for operating expenses Depreciation expense Cash collections to be received Merchandise purchases to be paid in cash Equipment to be purchased for cash Arrowroot Company wishes to maintain a minimum cash balance of ARROWROOT COMPANY Cash Budget for July 31, 2021 Saved Cash balance, beginning Add cash receipts: Collections from customers Total cash available before current financing Less disbursements: Payments to suppliers for merchandise Operating expenses Equipment Dividende naid $ 114,900 76,100 42,500 20 nnnl < Prev *Dividends are payable to shareholders of record on declaration date, 30 days after declaration. Required: 1. Prepare a cash budget for the month ended July 31, 2021, indicating how much, if anything, Arrowroot will need to borrow to mee its minimum cash requirement. (Leave no cells blank - be certain to enter "0" wherever required.) 1 of 4 $ 100,000 183,000 283,000 $100,000 29,000 76,100 Next > 10,000. 183,000 Help 114,900. 42,500 40,000 Save & Exit Su