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Western Company is preparing a cash budget for June. The company has $11,300 in cash at the beginning of June and anticipates $30,700 in cash

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Western Company is preparing a cash budget for June. The company has $11,300 in cash at the beginning of June and anticipates $30,700 in cash receipts and $35,900 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 Borrow $3.900 Repay $3.900 Borrow $5.2005 Repey 56.100 Borrow $10.000

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