Do It! Review 22-04

Batista Company management wants to maintain a minimum monthly cash balance of $19,300. At the beginning of April, the cash balance is $19,300, expected cash receipts for April are $246,000, and cash disbursements are expected to be $254,700. How much cash, if any, must be borrowed to maintain the desired minimum monthly balance?

Amount to be borrowed to maintain the desired minimum monthly balance

$

Click if you would like to Show Work for this question:

Open Show Work