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spayn [35]
3 years ago
15

Use the following information to determine the ending cash balance to be reported on the month ended June 30 cash budget.a. Begi

nning cash balance on June 1, $96,000. b. Cash receipts from sales, $423,000. c. Budgeted cash disbursements for purchases, $278,000. d. Budgeted cash disbursements for salaries, $97,000. e. Other budgeted cash expenses, $59,000. f. Cash repayment of bank loan, $34,000. g. Budgeted depreciation expense, $36,000. A) $110,000 B) $85,000 C) $51,000 D) $15,000
Business
1 answer:
Andrei [34K]3 years ago
6 0

Answer:

$15000

Explanation:

$96,000 + $423,000 − $278,000 − $97,000

− $59,000 − $34,000 − $36,000 = $15000

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