(Answered) Question - southland company is preparing a cash budget for

Accounting

Question - Southland Company is preparing a cash budget for August. The company has $17,000 cash at the beginning of August and anticipates $120,800 in cash receipts and $134,500 in cash disbursements during August. Southland Company wants to maintain a minimum cash balance of $10,000. The preliminary cash balance at the end of August before any loan activity is:

$13,300.

$3,300.

$27,000.

($13,700).

$137,800.

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