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The following information is available for Teal Mountain Auto Supply Company for the month of February: expected cash receipts $43,000; expected cash disbursements $54,000; cash
The following information is available for Teal Mountain Auto Supply Company for the month of February: expected cash receipts $43,000; expected cash disbursements $54,000; cash balance February 1, $20,000. Management wishes to maintain a minimum cash balance of $13,000. Prepare a basic cash budget for the month of February
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