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JRB is preparing a cash budget for June. The company has $52,000 cash at the beginning of June and anticipates $58,000 in cash from customers

JRB is preparing a cash budget for June. The company has $52,000 cash at the beginning of June and anticipates $58,000 in cash from customers and $54,500 in cash disbursements. JRB has an agreement with its bank to maintain a cash balance of $75,000 and can borrow up to $50,000 in increments of $1,000 at the beginning of each month. During June, the company must borrow

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