Question
The following information was taken from Larkspur Electrical Service company cash budget for the month of July: Beginning cash balance: 153,000 Cash Receipts: 146,000 cash
The following information was taken from Larkspur Electrical Service company cash budget for the month of July:
Beginning cash balance: 153,000
Cash Receipts: 146,000
cash disbursements: 207,000
If the company has a policy of maintaining an end of the month cash balance of 153,000, the amount the company would have to borrow is?
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Accounting Information Systems The Crossroads of Accounting & IT
Authors: Donna Kay, Ali Ovlia
2nd Edition
132991322, 978-0132991322
