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Southland Company is preparing a cash budget for August. The company has $17,100 cash at the beginning of August and anticipates $121,000 in cash receipts

image text in transcribed Southland Company is preparing a cash budget for August. The company has $17,100 cash at the beginning of August and anticipates $121,000 in cash receipts and $134,600 in cash payments during August. Southland Company wants to maintain a minimum cash balance of $10,000. The preliminary cash balance at the end of August before any loan activity is: Multiple Choice $13,500. $138,100. ($13,600) $3,500. $27,100

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