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

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Western Company is preparing a cash budget for June. The company has $11,300 cash at the beginning of June and anticipates $30,700 in cash receipts and $35,900 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: Borrow $3,900 Repay $6,10. Borrow $5,200. Borrow $10,000. Repay $3,900

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