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21 Western Company is preparing a cash budget for June. The company has $12,000 cash at the beginning of June and anticipates $30,000 in

 

21 Western Company is preparing a cash budget for June. The company has $12,000 cash at the beginning of June and anticipates $30,000 in cash receipts and $34,500 in cash disbursements during June. Western Company has an agreement with its bank to maintain a minimum cash balance of $10,000. As of May 31, the company owes $15.000 to the bank. To maintain the $10,000 required balance, during June the company must Multiple Choice Borrow $10.000 Borrow $4,500. Repay $7,500 Borrow $2,500 Repay $2,500

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