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Western Company is preparing a cash budget for June. The company has $10,900 cash at the beginning of June and anticipates $31,100 in cash receipts

Western Company is preparing a cash budget for June. The company has $10,900 cash at the beginning of June and anticipates $31,100 in cash receipts and $36,700 in cash disbursements 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 owes $15,000 to the bank. To maintain the $10,000 required balance, during June the company must: A. Borrow 10000. B. Borrows 4700. C. Borrows 5300. D. Borrows 4700 E. Borrows 5600.

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