Question
Sedita Inc. is working on its cash budget for July. The budgeted beginning cash balance is $14,000. Budgeted cash receipts total $183,000 and budgeted cash
Sedita Inc. is working on its cash budget for July. The budgeted beginning cash balance is $14,000. Budgeted cash receipts total $183,000 and budgeted cash disbursements total $182,000. The desired ending cash balance is $33,000. The excess (deficiency) of cash available over disbursements for July will be:
Multiple Choice
$15,000
$1,000
$13,000
$197,000
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Glencoe Accounting Concepts Procedures Applicatons
Authors: McGraw-Hill Education
3rd Edition
0028036174, 978-0028036175
