Question
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: |
| $193,000 | |
| $1,000 | |
| $12,000 | |
| $14,000 |
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Introductory Accounting Finance And Auditing For Lawyers
Authors: Lawrence A. Cunningham
5th Edition
0314912606, 978-0314912602
