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Mosbey Inc. is working on its cash budget for June. The budgeted beginning cash balance is $16,000. Budgeted cash receipts total $177,000 and budgeted cash

Mosbey Inc. is working on its cash budget for June. The budgeted beginning cash balance is $16,000. Budgeted cash receipts total $177,000 and budgeted cash disbursements total $176,000. The desired ending cash balance is $45,000. The excess (deficiency) of cash available over disbursements for June will be:

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