sagnik2422
Oct 19, 2014, 07:19 PM
Accounting Homework Helper (http://accounting-homework-helper.blogspot.com/2014/03/problem-8-26-completing-master-budget.html)
On this problem how is the repayment of -5000 and interest of -210 calculated for March in the cash budget?
I tried doing 3000 x 3/12 x 1% but I get 75 for repayment which is obviously wrong. And I have no clue how to do the interest portion.
On this problem how is the repayment of -5000 and interest of -210 calculated for March in the cash budget?
I tried doing 3000 x 3/12 x 1% but I get 75 for repayment which is obviously wrong. And I have no clue how to do the interest portion.