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13] Webster Corporation is preparing its cash budget for April. The March 31 cash balance is $35,600. Cash receipts are expected to be $633,000 and cash payments for purchases are expected to be $600,500. Other cash expenses expected are $26,200 selling and $32,700 general and administrative. The company desires a minimum cash balance at the end of each month of $22,000. If necessary, the company borrows enough cash to meet the minimum cash balance using a short-term note. Webster's preliminary cash balance before loan activity for April is expected to be:

$9,200.
$12,800.
$22,000.
($26,400).
$68,100.

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Accounting Basics, Accounting

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