Kaiser, Inc. has the following budgeted cash collections from the cash receipts budget and cash payments (excluding loan principal repayments and interest payments) from the cash disbursements budget for the next quarter (April, May, & June). 

	Cash Receipts	Cash Payments
April	$31,417	$28,458
May	$32,668	$39,637
June	$31,134	$27,818

In addition, Kaiser's beginning cash balance as of April 1 is $15,330.

Kaiser, Inc. would like to maintain a minimum $15,000 cash balance at all times. In order to achieve this goal Kaiser has negotiated a line of credit with the bank. If the preliminary cash balance falls below $15,000 Kaiser will borrow the necessary funds to keep their balance above the desired amount. If the preliminary cash balance is above the $15,000 minimum balance they will use any excess to pay down any outstanding loan balance at the time. The interest rate on any outstanding line of credit balance is 6% per year. The interest is paid at the end of each month and is computed on the beginning loan balance for the month. They have a zero balance on their line of credit on April 1st.

Prepare the cash budget for the quarter.  
Enter cash disbursements and loan repayments as a negative number. Round all calculations to the nearest whole dollar.

Kaiser, Inc.
Cash Budget
For April, May, June

	April	May	June
Beginning Cash Balance	$	$	$
Cash collected	$	$	$
Cash Disbursements
Cash payments (given)	$	$	$
Interest on bank loan (6%)	$	$	$
Preliminary cash balance	$	$	$
Additional loan/ or (repayment)Single line	$Single line	$Single line	$Single line
Single lineEnding cash balanceDouble line	Single line$Double line	Single line$Double line	Single line$Double line

Line of Credit balance

	April	May	June
Loan balance at beg. of month	$	$	$
Additional money borrowed	$	$	$
principal amount repaidSingle line	$Single line	$Single line	$Single line
Single lineLoan balance at end of monthDouble line	Single line$Double line	Single line$Double line	Single line$Double line