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8Goldberg Company is preparing a cash budget for the month of June. The following information is available: Cash Balance, May 31, 2010 Cash collections from

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8Goldberg Company is preparing a cash budget for the month of June. The following information is available: Cash Balance, May 31, 2010 Cash collections from customers in June Cash paid for merchandise in June Paid operating expenses in June Purchase furniture for cash in June Depreciation expense in June Amortization expense in June $10,000 46,000 42,000 12,000 3,000 1,000 1,000 The minimum cash balance desired is $10,000. What amount of money must be borrowed at June 30, 2010 to meet the minimum cash balance A) $10,000 E) none of the above B) $9,000 C) $11,000 D) $13,000

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