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Western Company is preparing a cash budget for June. The company has $10,800 in cash at the beginning of June and anticipates $31,200 in cash

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Western Company is preparing a cash budget for June. The company has $10,800 in cash at the beginning of June and anticipates $31,200 in cash receipts and $36,900 in cash payments during June. Western Company has an agreement with its bank to maintain a minimum cash balance of $10,000. As of May 31, the company has no loans outstanding. To maintain the $10,000 required balance, during June the company must: Multiple Choice 0 Borrow $5,700. 0 Repay $5,100. 0 Borrow $4,900. 0 Borrow $10,000. 0 Repay $4,900

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