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The following information is available for Blossom Company for the month of January: expected cash receipts $57,000; expected cash disbursements $66,000 : and cash balance

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The following information is available for Blossom Company for the month of January: expected cash receipts $57,000; expected cash disbursements $66,000 : and cash balance on January 1, $11,500. Management wishes to maintain a minimum cash balance of $7,500. Prepare a basic cash budget for the month of January

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