Vaughn Company management wants to maintain a minimum monthly cash balance of $31,000. At the beginning of April, th balance is $31,000, expected cash receipts for April are $303,800, and cash disbursements are expected to be $316,200. How much cash, if any, must be borrowed to maintain the desired minimum monthly balance? Amount to be borrowed to maintain the desired minimum monthly balance $

Vaughn Company management wants to maintain a minimum monthly cash balance of $31.000. At the beginning of April, balance is $31,000, expected cash receipts for April are $303,800, and cash disbursements are expected to be $316,200. How much cash, if any, must be borrowed to maintain the desired minimum monthly balance? Amount to be borrowed to maintain the desired minimum monthly balance $