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Mosbey Inc. is working on its cash budget for June. The budgeted beginning cash balance is $13,000. Budgeted cash receipts total $180,000 and budgeted cash
Mosbey Inc. is working on its cash budget for June. The budgeted beginning cash balance is $13,000. Budgeted cash receipts total $180,000 and budgeted cash disbursements total $179,000. The desired ending cash balance is $39,000. The excess (deficiency) of cash available over disbursements for June will be: |
Which below is the correct answer?
$14,000 $12,000 $1,000 $193,000
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