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Ace Salon Supply Company is preparing a cash budget for September. The company's cash balance on September 1 is $ 3 4 , 8 0

Ace Salon Supply Company is preparing a cash budget for September. The company's cash balance on September 1 is $34,800. The company anticipates cash receipts of $167,700 and cash disbursements of $175,980. If Ace desires a cash balance of $36,000, it must acquire financing of
$1,200.
$9,480.
$7,080.
$27,720.
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