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Kasik Co. budgeted the following cash receipts and cash disbursements for the first three months of next year. Cash Receipts Cash Disbursements January $ 516,000
Kasik Co. budgeted the following cash receipts and cash disbursements for the first three months of next year. |
Cash Receipts | Cash Disbursements | |||
January | $ | 516,000 | $ | 480,000 |
February | 404,000 | 356,000 | ||
March | 454,000 | 532,000 | ||
According to a credit agreement with the company |
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