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Mosbey Inc. is working on its cash budget for June. The budgeted beginning cash balance is $30,000. Budgeted cash receipts total $186,000 and budgeted cash
Mosbey Inc. is working on its cash budget for June. The budgeted beginning cash balance is $30,000. Budgeted cash receipts total $186,000 and budgeted cash disbursements total $185,000. The desired ending cash balance is $53,000. The excess (deficiency) of cash available over disbursements for June will be: |
$29,000
$216,000
$31,000
$1,000
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