Question
The following information was taken from Wildhorse Co. cash budget for the month of July: Beginning cash balance $135000 Cash receipts 130000 Cash disbursements 184000
The following information was taken from Wildhorse Co. cash budget for the month of July:
| Beginning cash balance | $135000 | |
| Cash receipts | 130000 | |
| Cash disbursements | 184000 |
If the company has a policy of maintaining an end of the month cash balance of $135000, the amount the company would have to borrow is
$27000.
$40000.
$81000.
$54000.
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Accounting Principles
Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
9th Edition
978-0470317549, 9780470387085, 047031754X, 470387084, 978-0470533475
