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Rich Company Pty Ltd made these estimates for the three months ending 30 June 2015. its first period of operation. Estimated: $300 000 Cash receipts

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Rich Company Pty Ltd made these estimates for the three months ending 30 June 2015. its first period of operation. Estimated: $300 000 Cash receipts from sales Cash payments for expenses Purchase of fixed asset (55000 will not be paid until August) 130 000 20 000 Depreciation of fixed assets Repayment of a loan 15 000 100 000 What is the estimated cash balance at 30 June 2015? $40 000 surplus O 5155 000 surplus O $55 000 surplus $55 000 deficit

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