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Southland Company is preparing a cash budget for August. The company has $17,600 cash at the beginning of August and anticipates $122,000 in cash receipts

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Southland Company is preparing a cash budget for August. The company has $17,600 cash at the beginning of August and anticipates $122,000 in cash receipts and $135,700 in cash payments during August Southland Company wants to maintain a minimum cash balance of $10,000. To maintain the minimum cash balance of $10,000, the company must borrow: Multiple Choice $6.100 $27600 O $7.600 $10,000 O $0

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