Answer: $94,000
Explanation:
It should be noted that depreciation expense will not be included on the cash budget because it is non-cash. Therefore, the ending cash balance to be reported on the month ended June 30 cash budget will be:
Beginning cash balance on June 1 = $73,000
Add: Cash receipts from sales = $413,000
Less: Budgeted cash disbursements for purchases = $268,000
Less: Budgeted cash disbursements for salaries = $35,000
Less: Other budgeted cash expenses = $57,000
Less: Cash repayment of bank loan, $32,000
= $73,000 + $413,000 - $268,000 - $35,000 - $57,000 - $32,000
= $94,000
