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Mosbey Inc. is working on its cash budget for June. The budgeted beginning cash balance is $15,000. Budgeted cash receipts total $178,000 and budgeted cash

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Mosbey Inc. is working on its cash budget for June. The budgeted beginning cash balance is $15,000. Budgeted cash receipts total $178,000 and budgeted cash disbursements total $177,000. The desired ending cash balance is $43,000. The amount to borrow or financing for June will be: $1,000 $27,000 $14,000 $16,000

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