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Southland Company is preparing a cash budget for August. The company has $ 1 9 , 0 0 0 cash at the beginning of August

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Southland Company is preparing a cash budget for August. The company has $19,000 cash at the beginning of August and anticipates $124,800 in cash receipts and $138,500 in cash payments during August. Southland Company wants to maintain a minimum cash balance of $10,000. To maintain the minlmum cash balance of $10,000, the company must borrow:
Multuple Choice
$0.
$10,000.
$4,700.
$9,000.
$9000
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