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Bravo Corporation is preparing its cash budget for September. The budgeted beginning cash balance is $25,000. Budgeted cash receipts total $180,000 and budgeted cash disbursements

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Bravo Corporation is preparing its cash budget for September. The budgeted beginning cash balance is $25,000. Budgeted cash receipts total $180,000 and budgeted cash disbursements total $163,000. The desired ending cash balance is $50,000. The company can borrow up to $120,000 under a line of credit at any time from a local bank, with interest not due until the following month. Prepare the company's cash budget for September in good form. (Be sure to include any borrowings of cash if necessary.) HTML BIVA - - IE 3 13 x x, DEE - DPXNVX COTT 12pt 92

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