All My Letters, Inc. is working on its cash budget for May. The budgeted beginning cash balance is $108,000. Budgeted cash receipts total $456,400 and budgeted cash disbursements total $470,900. The desired ending cash balance is $100,000. To attain its desired ending cash balance for May, the company needs to borrow: a. $14,500 b. $6,500 C. $100,000 d. $93,500 e. $0 On 6/1/18, the balance of accounts receivable (A/R) for Bubbles Inc. is $17,080. On 6/5/18, the firm provides services to customers on account for $2,740. On 6/17/18, the firm receives $3,515 from customers on their accounts. There are no other transactions during the month. What will be the ending balance of A/R as of 6/30/18? 2. $6,255 b. $17,855 C. $10,825 O d. $16,305 e. $23,335