A company is preparing a cash budget for june. the company, Ask an Expert

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A Company is preparing a cash budget for June. The company has $67,000 cash at the beginning of June and anticipates $82,330 in cash receipts and $93,520 in cash disbursements during June. This company has an agreement with its bank to maintain a cash balance of at least $65,000. As of May 31, the company owes $25,000 to the bank. To maintain the $65,000 required balance, during June the company must:

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M946261

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