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Laurey Inc. is working on its cash budget for may. the budgeted beginning cash balance is $47,000. Budgeted cash receipts total $131,000 and budgeted cash

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Laurey Inc. is working on its cash budget for may. the budgeted beginning cash balance is $47,000. Budgeted cash receipts total $131,000 and budgeted cash disbursements total $126,000. The desired ending cash balance is $64,000. To attain its desired ending cash balance for may, the company needs to borrow. $0 $64,000 $12,000 $116,000

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