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! Required information [The following information applies to the questions displayed below.] The following trial balance was drawn from the records of Jordan Company as of October 1, year 2. Cash $ 20,500 Accounts receivable 69,000 Inventory 44,500 Store equipment 290,000 Accumulated depreciation $ 78,600 Accounts payable 76,500 Line of credit loan 190,000 Common stock 59,000 Retained earnings 19,900 Totals $ 424,000 $ 424,000 Required c. Indicate whether Jordan will need to borrow money during October by preparing October's Cash Budget. Note: Negative amounts should be indicated by a minus sign. Round your answers to the nearest whole dollar. Cash Budget for October Beginning cash balance $ 20,500 Add: Cash receipts 49,000 Cash available 69,500 Less: Payments Total budgeted payments Cash surplus (shortage) 0 Will Jordan need to borrow money during October? Yes

          ! Required information [The following information applies to the questions displayed below.] The following trial balance was drawn from the records of Jordan Company as of October 1, year 2. Cash $ 20,500 Accounts receivable 69,000 Inventory 44,500 Store equipment 290,000 Accumulated depreciation $ 78,600 Accounts payable 76,500 Line of credit loan 190,000 Common stock 59,000 Retained earnings 19,900 Totals $ 424,000 $ 424,000 Required c. Indicate whether Jordan will need to borrow money during October by preparing October's Cash Budget. Note: Negative amounts should be indicated by a minus sign. Round your answers to the nearest whole dollar. Cash Budget for October Beginning cash balance $ 20,500 Add: Cash receipts 49,000 Cash available 69,500 Less: Payments Total budgeted payments Cash surplus (shortage) 0 Will Jordan need to borrow money during October? Yes

! Required information [The following information applies to the questions displayed below.] The following trial balance was drawn from the records of Jordan Company as of October 1, year 2. Cash 20,500 Accounts receivable 69,000 Inventory 44,500 Store equipment 290,000 Accumulated depreciation 78,600 Accounts payable 76,500 Line of credit loan 190,000 Common stock 59,000 Retained earnings 19,900 Totals 424,000 424,000 Required c. Indicate whether Jordan will need to borrow money during October by preparing October's Cash Budget. Note: Negative amounts should be indicated by a minus sign. Round your answers to the nearest whole dollar. Cash Budget for October Beginning cash balance 20,500 Add: Cash receipts 49,000 Cash available 69,500 Less: Payments Total budgeted payments Cash surplus (shortage) 0 Will Jordan need to borrow money during October? Yes

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