Multiple Choice
Use the following information to determine the ending cash balance to be reported on the month ended June 30 cash budget. Beginning cash balance on June 1, $73,000.
Cash receipts from sales, $413,000.
Budgeted cash disbursements for purchases, $268,000.
Budgeted cash disbursements for salaries, $35,000.
Other budgeted cash expenses, $57,000.
Cash repayment of bank loan, $32,000.
Budgeted depreciation expense, $34,000.
A) $94,000.
B) $60,000.
C) $126,000.
D) $149,000.
E) $21,000.
Correct Answer:

Verified
Correct Answer:
Verified
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