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You have the following information on Spann Company Beginning cash balance for December: $75,000 Budgeted cash receipts for December: $85,000 Budgeted cash disbursements for December:

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You have the following information on Spann Company Beginning cash balance for December: $75,000 Budgeted cash receipts for December: $85,000 Budgeted cash disbursements for December: $120,000 Minimum cash balance desired at the end o' the month: $ 50.000 How much writ Spann Company borrow during December to meet budgeted cash disbursements and have the cash balance at the end of the month? $10,000 $15,000 $20,000 No borrowing needed

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