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Godwin Company is preparing a cash budget for the month of June. The following information is available: Cash Balance, May 31, 2010 $10,000 Cash collections
Godwin Company is preparing a cash budget for the month of June. The following information is available: Cash Balance, May 31, 2010 $10,000 Cash collections from customers in June 46,000 Cash paid for merchandise in June 42,000 Paid operating expenses in June 12,000 Purchase furniture for cash in June 3,000 Depreciation expense in June 1,000 Amortization expense in June 1,000 The minimum cash balance desired is $10,000. What are the net cash receipts and disbursements for the month of June?
$(11,000) | |
$(13,000) | |
$(9,000) | |
$(8,000) | |
none of the above. |
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