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A company is preparing its cash budget for the coming month. All sales are on account. Given the following: Budget Amounts Beginning Balances $230,000 210,000

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A company is preparing its cash budget for the coming month. All sales are on account. Given the following: Budget Amounts Beginning Balances $230,000 210,000 Cash Accounts Receivable Sales Cash disbursements Depreciation Ending accounts receivable balance $ 950,000 1,080,000 40,000 240,000 What is the expected cash balance of the company at the end of the coming month? (CIA adapted) Multiple Choice 0 $26,300

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