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The following information is available for Pharoah Company for the month of January: expected cash receipts $59,400; expected cash disbursements $66,090; and cash balance on
The following information is available for Pharoah Company for the month of January: expected cash receipts $59,400; expected cash disbursements $66,090; and cash balance on January 1, $12,230. Management wishes to maintain a minimum cash balance of $7,570. Prepare a basic cash budget for the month of January. PHAROAH COMPANY Cash Budget For the Month of January $ : : : $
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