Answer:
Cash borrow = 10500
so correct option is a. $10,500
Explanation:
given data
Ending cash balance = $16,000
Beginning cash balance = $19,500
expected cash receipts = $68,000
Cash disbursements = $82,000
solution
we know that Ending cash balance is express as
Ending cash balance = Beginning cash balance + Cash receipts - Cash disbursements + Cash borrow .............................1
we get here Cash borrow put here value
$16,000 = $19,500 + $68,000 - $82,000 + Cash borrow
solve it we get
Cash borrow = 10500
so correct option is a. $10,500
