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The following information is available for Crane Company for the month of January: expected cash receipts $59,590; expected cash disbursements $66,360; and cash balance on
The following information is available for Crane Company for the month of January: expected cash receipts $59,590; expected cash disbursements $66,360; and cash balance on January 1, $11,790. Management wishes to maintain a minimum cash balance of $7,870. Prepare a basic cash budget for the month of January. CRANE COMPANY Cash Budget For the Month of January Beginning cash balance Add Cash receipts Total available cash Less Cash disbursements Excess of available cash over cash disbursements Click if you would like to Show Work for this question: Open Show Work
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