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Sedita Incorporated is working on its cash budget for July. The budgeted beginning cash balance is $23,000. Budgeted cash receipts total $195,000 and budgeted cash

Sedita Incorporated is working on its cash budget for July. The budgeted beginning cash balance is $23,000. Budgeted cash receipts total $195,000 and budgeted cash disbursements total $194,000. The desired ending cash balance is $39,000. The excess (deficiency) of cash available over disbursements for July will be:

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